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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (43411)	6/28/2006 5:03:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68496

It hard to tell the conditions that would signal a bottom for the current move down. We could be in for at least 4 more month of gyrating back and forth with a downside bias. Personal I am not sure about gold. If the US economy is preceived to get weaker due to mounting debt and there is a slow down in China as a result I could see gold break the recent high. If now a slow world economy should moderate demand for gold as weaker demand develops for luxury goods.