Friday, December 18, 2009

GOLD MOVES ABOVE THE PURPLE DOWNTREND LINE AND STAYS ABOVE YESTERDAY'S CLOSE PRICE (turquoise line)


NOTHING EXCEPTIONAL IN TODAY'S GOLD TRADING
EXCEPT THAT IT IS STILL DOWN GIVING BUYERS MORE
CHANCE TO BUY THEIR GOLD AT A BARGAIN PRICE.
NEXT WEEK COULD SEE GOLD SOAR BEFORE THE END
OF THE YEAR UNLESS HEDGE FUNDS DECIDE TO TAKE
THEIR PROFITS TO FATTEN THEIR BALANCE SHEETS
AT YEAR END. A MAJOR RALLY IN GOLD IS JUST AROUND
THE CORNER