GOLD
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0.51% $1,391.7 gold futures

marc faber says $3600 an ounce lol, page-42

  1. Heremes
    4,005 Posts.
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    07/12/05
    21:43
    Post #: 1266129
    re: marc faber says $3600 an ounce lol Gold is easy to trade on classic technical analysis.

    Put an RSI on and see how many times it has retraced some 5-7% everytime the RSI approached 70..It has failed once since 2001 that was in November 2002.

    It's now at 76... too high, it's too hot..

    I am a gold bull... but I am also a realist, T/A helps me to be a realist. :)

    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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