TUESDAY, FEBRUARY 08, 2011 Gold prices set for another rally - Feb 2011
The start of a mighty rally is about to unfold. The following charts show on a short term scale that gold has broken a recent short term high to achieve a new high, and that it has in fact changed trend. The 2nd chart shows the long term trend, with the prospects for a rally up to around $1,800/oz expected over the next 12 months. We will be looking for gold to rally to the previous highs around $1425/oz. Visit our speculator's blog for the best entries into exploration stocks, since this end of the market is the most undervalued, and stands the best chance of benefiting from resource upside, takeover activity, revaluation of resources, increases in gold prices, including the opportunity to lock in high priced gold hedges.
“You grow the most when you’re on the border of chaos and order.” ~ James Arthur Ray
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