Gold is sitting right on MA200. All momentum indicators are positive, will it be allowed this time to scream Inflation and run from its Downtrend confirming Bull market above MA200? So many times it was trashed at important levels that we can not be sure. All other charts are aligned for a confirmation of the best indicator that Inflation is here and well alive - Gold making new high in USD. In a lot of other currencies it is already the case.Wednesday, January 21, 2009
Gold is ready for a Break out off MA200. GDL, GDX, HUI, XAU, SLW, AUY, SST.v, TNR.v, OK.v, MGN, FVI.v.
Gold is sitting right on MA200. All momentum indicators are positive, will it be allowed this time to scream Inflation and run from its Downtrend confirming Bull market above MA200? So many times it was trashed at important levels that we can not be sure. All other charts are aligned for a confirmation of the best indicator that Inflation is here and well alive - Gold making new high in USD. In a lot of other currencies it is already the case.
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