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Some cause for caution
Posted By Philinje On 25/11/2010 @ 05:49 am In Gold | No Comments
Mostly it seems that cycles are suggesting gold may bottom this week and then head higher into next year.
However, there are technical signs that warn of a possible drop in gold, and some folks see little relevance in the fact that gold moved up due to Euro weakness this week.
I don’t know. My view is that gold recently achieved a new all-time high due to panic in Euroland. And most Americans wouldn’t be aware of that.
Anyway, here is an article urging caution:
Article printed from Fintelligence: http://blog.fintelligence.net
URL to article: http://blog.fintelligence.net/2010/11/25/some-cause-for-caution/
URLs in this post:
[1] http://goldstocktrades.com/blog/2010/11/24/important-relationship-between-u-s-dollar-and-gold-signals-trend-change/: http://goldstocktrades.com/blog/2010/11/24/important-relationship-between-u-s-do
llar-and-gold-signals-trend-change/
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