finance, page-51

While yesterday was not a true Key Day Reversal there certainly were signs of a major holder falling on his sword, which was met with some good buying late in the day.Gold and silver's performance last night certainly should aid things today if that buyer hangs around.

A friend of mine who is one of the best EW analysts around has just sent me a chart on the AUD. He became very bearish a few weeks ago, but in true style always only looks at the charts NOT the headlines. He thinks there is every chance the AUD will break is triangle soon that would signify a move to 1.20. This would be hugely supportive of gold.