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Re: AcousticHockey post# 188

Monday, 04/30/2012 9:27:59 AM

Monday, April 30, 2012 9:27:59 AM

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Throwing aside the P&F chart, which says the bearish price objective is 1550, and looking at recent action and MA's, I think the price of $GOLD is headed higher... as well, there are analysts that are buying equities now as they are badly beaten down... Mike Swanson is one of them.

Last week's daily action had 2 bullish candles and a strong uptrend looks to be in order. The weekly chart shows the price is supported by the weekly MA60 but below the benchmark MA40... why would one want to buy puts when the price is already below the benchmark weekly MA40 and the benchmark daily MA200?

Be very careful out there... Gold/Silver are in a super bull cycle and have been for about 10 years... don't buck the major trend!!!

Only the highest and best!!!
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