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I think your points are on target. Chart

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rlfb06   Sunday, 04/07/13 09:00:24 PM
Re: gharma post# 267
Post # of 314 
I think your points are on target. Chart wise, $GOLD seems to have good support in the 1550 area. In fact it has been a horizontal channel between 1550 and 1800 since Oct '11 (a traders dream if it can be recognized). At times going from support to reistance (and vice versa) in as little as 2-3 months. If we are bottoming (as I surmise) a return to 1800 is not unfathomable. If JS is correct and the official position is "let it be, for now", we may be finally going higher than 1800. This is pure speculation on my part but if so would be good for beleagured miners with confirmed resources. We shall see.

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