Saturday, August 01, 2009

Shooting Gold!

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

2 comments:

  1. 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.

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  2. 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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