Fearless Freediction
I think Gold needs to retest 1300 and its up Up and away.
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Loading ...WHEN THE FINANCIAL SYSTEM IMPLODES
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1 IN A MILLION
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UM...SORRY GUYS BUT
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YOU MURDEROUS HYPOCRITES
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WE ARE
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POSTING INFORMATION
Fully I have to agree … based of Rambus’ charts and the gap on the $Gold daily chart at $1311-1313, I think a good backtest between $1295-$1310 will be healthy. I like the consistency of Rambus’ charts in the way they’re built and they look promising. Also, Mike Oliver based on his momentum analysis says by 20 Feb gold could take out the 5+ year highs. Silver hit his momentum target yesterday for silver to break out of its price downtrend. This will be an interesting and important month.
The reason I say this is because it’s easy to get whipsawed in these markets, which is not fun. The bigger elephants in the room if gold/silver is going to begin running is the dollar, but also the re-emergence of the general markets. Are we really in a bear market? Tough to call.
I think you may be right Fully. It needs to work of some of it’s (short term) overheating indicators. On a longer timeframe they’re looking good.
Agree, short term.