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S&P 500
5,702.55
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-0.19%
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US TECH 100
19,287.60
(
-0.24%
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Dow Jones
42,063.36
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Brent Oil
74.14
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Ace Hanlon

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Ace Hanlon

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Re: None

Saturday, 09/09/2006 12:52:20 PM

Saturday, September 09, 2006 12:52:20 PM

Post# of 1599
Gold tested major support around $605-608 Friday and held.

So a bounce looks likely

But triple bottoms rarely hold and I supect gold will decisively break support on the next correction.

I am looking for a bottom in the $550-575 area, but will start accumulating when and if we break $600.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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