Significance of $1275 Gold

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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vhf

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Significance of $1275 Gold

posted on Sep 16, 2010 01:04PM

As noted in Jesse's chart below, the $1275 level represents the top lid of the cup and handle formation. Should this level be breached, expect a major rally to occur as technical traders pour in. Without question, the NY cartel will attempt to defend this line to prevent further loss of control.

Cheers - VHF

Click to enlargen: http://tinyurl.com/37qguok

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