extracted the important part of the article.
"If that was all that was happening then I would say “what’s new” the crisis will pass and global money printing will in time eventually return gold to favour, although it might take a few months."
"Kitco reports that Walter Zimmerman Junior, chief technical analyst at United-ICAP, points out that last divergence of this magnitude was took place at the peak of the dot-com bubble, indicating that the stock market maybe a speculative bubble unsupported by the real economy."
Gold oversold and this proves it and also there is another bubble waiting to go bang! the US or Japan take your pick!
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great article on gold, page-2
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$17.39 |
Change
0.260(1.52%) |
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3 | 889 | 17.380 |
1 | 2876 | 17.370 |
1 | 12079 | 17.360 |
3 | 7292 | 17.350 |
Price($) | Vol. | No. |
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17.480 | 6421 | 4 |
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