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windansea

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windansea

Re: daylar post# 16118

Saturday, 11/27/2010 11:06:03 AM

Saturday, November 27, 2010 11:06:03 AM

Post# of 102667
Gold has also fallen to the bottom support line of its rising channel drawn from July 30,2010 and appears to be making a head and shoulders formation. European debt panic could give big boost to the $ Monday AM. If gold breaks this support line, next major support would be all the way down to around $1230. Most of the gold pennies I am watching seem oblivious to the daily gyrations of the gold market, but a big correction to gold here could dampen the enthusiasm of penny investors as well.
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