GOLDBUGS AMEX Goldbugs Index (GOLD): Looks like a bottom to me. CNBC anchors...

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GOLDBUGS AMEX Goldbugs Index (GOLD)

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Re: RBKissMyAs post# 21500

Friday, 01/14/2011 3:57:59 PM

Friday, January 14, 2011 3:57:59 PM

Looks like a bottom to me. CNBC anchors are literally giddy each time they get to say how much gold plunged today. When they get giddy its time to go the other way. XAU HUI down less than 2% - sign of strength IMO. Nice consolidation move last few months. RSI MACD back down to normal. Set for a great run over next few months before summer correction.

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