Saturday, January 10, 2009

Gold at crossroads: will it Break Out Above MA200? GDX, GDL, AUY, DXY

All fundamentals are on the Gold size:
1. Ballooning Deficit 1.2 Trillion before recent Obama Stimulus Plan.
2. Flight to safety from Us Dollar and into Gold.
3. Rising Demand and decreasing Supply.
4. Collapse of the Last Bubble - Treasuries. Gold needs one percent of money involved to fly.
5. Timing is an essence as always.
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