Stock Legends

[AugustaFriends]

$Gold 1,384 according to "The Godfather of Technical Analysis", gold may be turning itself around.

Ralph Acampora, managing director at Altaira Wealth Management, trained generations of technical analysts. No one knows technicals like Acampora and now he sees some upside ahead based on gold's short-term based on its charts.

"If you look at the short-term chart, you'll see starting in late November, gold started to stabilize," says Acampora. "In technical parlance, it has traced out a mini-head and shoulders bottom. And, right now, if you look at the chart, you'll see that it's currently above its 200-day moving average. It hasn't done that in many, many months. The near-term target is $1,384. I feel very strongly about it."

http://finance.yahoo.com/blogs/talking-numbers/gold-s-doing-something-it-hasn-t-done-in-a-long-time-152358660.html