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re: gold chart //hi acouch//dow up// gold down yes Im very well...

  1. 1,383 Posts.
    re: gold chart //hi acouch//dow up// gold down yes Im very well aware of the double top acouch.

    Perhaps Im being too sophisticated in taking notice of closing prices on the New York exchange - but that I believe is where the smart money is. If you check out Kitco you will see that gold did not close above 386 till Friday, which is effectively a new breakout even though the intraday high price was the same as earlier. It's still above that level.

    Having said that - I'm NOT long gold stocks!
 
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