Caledonia Mining Corporation (TSE:CAL)

[NYBob]

With gold hitting new all-time highs yesterday in dollars, euros
and pounds, today King World News interviewed legendary trader
Jim Sinclair and Dan Norcini to get their take on where things
stand in the gold market.
When Sinclair was asked about the action in gold he stated -

GOLD - Focus prices as high as $12,000, so we are are
approaching the most critical milestone in
the entire gold bull market.

Sinclair continues:
“The Republicans want to raise the debt ceiling, but not enough
to take the US through the next election.
When B.S.-Obama walked out of the meeting two days ago it was
just on that point where he slammed his chair into
the table and walked out.
It’s being talked about as if that were standard procedure,
as if that was the way things are, and in truth it is
the way things are.
The debt crisis has resolved itself unto a political platform
and the political platform is not in the economic best interest
of the nation, but rather in the best interest of the timing
of another election and as a result of that the market
(in gold) yesterday broke to a new high.
This situation could be one of the catalysts to take out $1,764.
It will be reasonable to assume that every effort will be made
not to allow gold to get through that price.
When it gets through that level gold will start jumping $100
to $200 a day.
$1,764 should put up the biggest battle of the entire bull market.
The number where confidence is lost is $1,764.
Through that level you trigger Martin Armstrong and Alf Fields
maximum numbers which will be $10,000 to $12,500, therefore
expect that price level ($1,764) to be defended vigorously.”

Great CALVF chart TA


by tocotuga' on 'GOLDBUGS (AMEX:HUI) thank you Sir :-

CALVF chart TA alert Fib. Price Levels -
new bull trend often 162%
of the previous correction

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65208736
God Bless