Anyone watching Gold this morning?

Discussion in 'Metal Futures' started by Darshan, Sep 16, 2009.

  1. Darshan

    Darshan

    Seems like we might have a Gap up over key resistance. Could this finally be the big break out many Gold Bugs have been waiting for?

    I know that the Gold bugs tend to be pretty irrational. Might they get this one right? For a technical standpoint it looks pretty enticing.
     
  2. S2007S

    S2007S

    $1034 is the break out area.
     
  3. Darshan

    Darshan

    Like I said we might gap up over resistance :)
     
  4. S2007S

    S2007S


    I believe its getting there and will break resistance, gold has been down for too long, worth at least $1200 an ounce by end of 2009 and somewhere around $1500 by late 2010, if the dollar collapses sometime in 2010 gold could easily surge to $1800-$2000, no questions asked.
     
  5. Well I am glad I bought up more bullion a couple weeks ago before this run up.

    Silver seems to be making the nicer moves, percentage wise.