GOLD 0.51% $1,391.7 gold futures

the alternative view on gold

  1. 1,218 Posts.
    Technical trader and long time follower of precious metals has an alternative view to the current gold breakout. Read it on Financialsense.com @
    http://financialsense.com/editorials/saxena/2009/0903.html

    BIG MOVE COMING
    by Puru Saxena
    ...
    "Although the weekly chart for gold looks like a gigantic ‘inverse head & shoulders’ bottom formation, it could also turn out to be a massive double top. Remember, gold’s chart pattern looks eerily similar to copper; just before it staged a spectacular decline last year."
    ...

    The current market has rewarded the those who didn't follow the crowd quite regularly in the past 3 years.

 
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