Replies to post #11713 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

Absolutely. Gold leasing has been in sub news classes for years and will probably only come into the spoylight when there is no more left to lease and the taxpayers find out their gold is gone.

........al

[Picassa]

Cup and handle patterns are one of the most bullish set ups for technical analysts and can signal an explosive move to the upside. As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks… then it takes off.

http://seekingalpha.com/article/132219-is-it-tea-time-for-gold