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Re: It Ain't Rocket Science!
posted on
Mar 24, 2008 02:23PM
I could be wrong, as was expecting gold to find a low at $950.00 (and the macd suggested a higher high was in order) but the way Im reading it a low of around $900.00 is still on the lower trend line, and a sideways/rising consolidation is in order. The HUI may be more volatile as it was mid leg when sold off.
The environment supports gold - cant think of any reason why people would want to sell gold down to 850.00 with so many problems around, and so many potential buyers.
