| Followers | 148 |
| Posts | 34814 |
| Boards Moderated | 3 |
| Alias Born | 06/16/2004 |
Wednesday, January 27, 2010 11:59:01 PM
***WATCH $GOLD HERE***
Could get a nasty shakeout if the double-bottom fails... next level would naturally be the psychological $1,000 level in which the bulls would choose to defend, but a little thinking outside the box might suggest that if this double-bottom fails, the bears are going to be scratching stop-losses a bit past $1,000 the ounce!
Perhaps an odd number like 977 comes to mind!
The last time $GOLD has traded below its 200 day moving average? January 2009. I'd say we're due for a classic shakeout before the true phenomenal run-up takes place!
Could get a nasty shakeout if the double-bottom fails... next level would naturally be the psychological $1,000 level in which the bulls would choose to defend, but a little thinking outside the box might suggest that if this double-bottom fails, the bears are going to be scratching stop-losses a bit past $1,000 the ounce!
Perhaps an odd number like 977 comes to mind!
The last time $GOLD has traded below its 200 day moving average? January 2009. I'd say we're due for a classic shakeout before the true phenomenal run-up takes place!
HI-HO SILVER !!!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
