gold, page-76370

NOICE. Very NOICE.
The POG breakout just shows that the path of least resistance is higher. It will zig zag up and down but the breakout after that 3 months of consolidation shows support. Even with all the shorters and manipulators and all the uncertainty over ETF backing. One thing that bodes well for POG is the sheer amt of money out there and the small Market cap of Gold and gold producers. Add to that the fact there are few sectors that will have rising revenues going forward - its hard to ignore gold. Im sure there will be other cos in other sectors that will rise ie medical, net shopping , others, but gold will get its share of investors imho.
Trent, if I was short Gold, the breakout would be a stop loss event for me.
Time will tell.