Gold has been shooting once again.
I am sure you would have noticed. (Hmm.. market up, gold also up? lol)
Did you see how fast it shot up on the hourly chart? :D
And on the slightly longer outlook.
Them guys better pump up the volume much faster, else how would Gold Prices might Rise 20% to 30% By Year-End??
Life is great. :D
Saturday, August 01, 2009
Shooting Gold!
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2 comments:
it is a good idea to keep 5 to 10% of gold in our porfolio. Some gurus view may be helpful, you may like to consider robert prechter and martin weiss.
Take it easy...gold is controlled in its rise...look at the hourly in the past months...killed many time!
The spike is due to the poor resposne to US T notes last week....China was abscent!
robert prechter-
Prechter has missed the latest portions of the rally in gold and . He was wrongly bearish in gold in (if i recall) 2004 and 2006 calling peak gold. Absolutley wrong.....
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