Replies to post #5461 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[CaribbeanJim]

We have yet to see Gold hug its lower Weekly Lower BollingerBand. Ever since 2001, it tags it and bounces off of it. If this trend continues, it won't be able to go much lower than $800. Typically, it finds temporary support at 200dema, then finds intermediate-term support at its Weekly Lower BollingerBand. Currently the 200dema is around $800.