Should US Dollar confirm its breakdown as we discussed before, Gold will have a rally above MA200 which will bring new confirmation that this Bull is very much alive. Auto bailout, Obama's stimulus plan and any confirmation about Chinese buying gold will send it to new highs.Saturday, November 29, 2008
Gold is in Break out above MA50. GDX, AUY, ABX
Should US Dollar confirm its breakdown as we discussed before, Gold will have a rally above MA200 which will bring new confirmation that this Bull is very much alive. Auto bailout, Obama's stimulus plan and any confirmation about Chinese buying gold will send it to new highs.
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