The only way this shit is going is UP See that histo alongside monthly p/a? That is a buying power!!! USD is about to tank, didn't you see the H&S failing on 3rd swing, I don't care what the hell the fundametals or whatever else is telling you that Gold is going down, T/A says UP!!! That is monthly gents, monthly <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2439964>
gold reminds me of lucy holding the football for charlie brown. its so so so tempting to kick but everytime you take a kick you end up on your back with that bitch laughing at you.
Personally, I don't see why Gold ought to go down to Surf's $600. It's against common sense. So far, there have been no solutions. All we have is this -> <img src=http://eebakcuh.files.wordpress.com/2008/04/swan-and-pike-and-crab.jpg> ImPO $1000 will soon become support for quite some time as Gold's monthly chart confirms sentiment & current economic climate.
Don't really know what everyone else is seeing, but there was a short signal at EOD, June 3, 2009. Summer time lower volume and general gold fever may limit the downside. Do your own due diligence and confirmation. Long signals are not reproduced here.
USD looking mighty weak, gold on the other hand set for upside. About time it broke 1000 zone as USD continues its decline. Also, tomorrow 3rd day of hearing concerning position limits on Comex.
the dislocation is still on the way---- i was early on the call, but I strongly believe 600 prior to 1200 in gold. when? i don't know. thanks for the insight, surf