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Message: GOLD looking good.

GOLD looking good.

posted on Jan 02, 2009 08:06PM
Taken from VIT site on SH. Rarely go there but, glad I did.
Gold making a major move to the upside.

Chart 1: Gold Weekly Continuous Contracts. MACD shows crossover and spot price closing above the MA(50). Also shows gold breaking the $SPX 1:1 ratio barrier.

http://stockcharts.com/h-sc/ui?s=$GO...


Chart 2: Gold vs. Dow ratio. Ratio chart shows the possibility of up to 10 years of sustained gold growth in comparison to DOW JONES INDU.

http://simplycharts.files.wordpress....


Chart 3: Decline of the USD. The performance of the USD is inversely proportional to gold. The USD is in a sustained state of decline. A weaker USD buys less gold, and gold is a store of value. As the USD declines, gold prices climb. Last USD rally was a result of a 'rush' to liquidity. See MACD for negative crossover.

http://stockcharts.com/h-sc/ui?s=$US...


Chart 4: US Debt as a percentage of GDP. High debt levels reduce foreign investment and send money to gold.

http://www.gooznews.com/archives/deb...
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