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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (54603)	12/26/2007 12:17:49 AM
From: loantech	Respond to of 78431

Current Commentary -- Where Are We Now? (Wednesday December 19, 2007 PM): The gold chart is looking particularly bullish. The wedge (or pennant) pattern since Nov'07 highs shows progressively lower highs and higher lows. The technical nature of this pattern is like a coil or spring being wound tighter and tighter into a smaller and smaller space. Eventually all of the energy stored in the spring explodes in an abrupt move outside of the wedge pattern. Click chart to enlarge. Even though gold prices have already trebled from $250's to $800, the current fundamental outlook is as bullish as it has ever been since 2001. Monitor this wedge pattern very closely as it weaves back and forth within the boundary lines in an ever-tighter coil. As soon as the price breaks out of the border lines, the price is likely to move very quickly. Because of the tremendous bullish fundamentals of gold, the price could knock up $900 before the end of Q1'2008 geocities.com