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Message: Very positive short term prospects for gold.

I'm sure no revelation here with geo-political issues related to western meddling in the Ukraine, US$ weakness having breached the critical .80 mark which now appears to be upward resistance. With US economic data becoming more negative, and the continued tapering (which given the $ weakness a reversal seems unlikely without risking further downside movement). Further the charts are also quite positive

Price well above 14, 60 and 200 day moving averages and the 14 day moving average above the 60 and 200 and the 60 day approaching the 200 which should soon be eclipsed.

http://www.kitco.com/charts/techcharts_gold.html

If a black swan occurs, things could jump substantially higher sooner rather than later and the downside risk in entering the gold market, re-entering or just plain continuing to hold (like me), so seems like a great time to buy .... Yes the manipulation has not ended, but the market in the east which requires far more settlement if not total settlement in physical will increase its profiles as a kep price setter .... wish I had got out and re-entered now, but no point crying over spilt milk.

orgy

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