Friday, June 18, 2010

GOLD FAILS AT THE TOP RED DOWNTREND LINE, BUT COULD SPIKE AT ANY MOMENT IF MORE HEDGE FUND MONEY MOVES IN OR SHORTS DECIDE TO COVER

THERE ARE ABSOLUTELY NO INDICATIONS IN OTHER MARKETS OF WHICH WAY GOLD WILL MOVE. IT'S ALL DOWN TO TREND LINES, FIBS, AND YOUR EXPERIENCE AND INTUITION TO FIGURE OUT HOW GOLD WILL MOVE IN THE SHORT TERM. IN OTHER WORDS, YOU ARE GAMBLING NOW, EXCEPT THAT YOU KNOW GOLD WILL BE MOVING MUCH HIGHER FROM NOW ON

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