extracted the important part of the article.
"If that was all that was happening then I would say “what’s new” the crisis will pass and global money printing will in time eventually return gold to favour, although it might take a few months."
"Kitco reports that Walter Zimmerman Junior, chief technical analyst at United-ICAP, points out that last divergence of this magnitude was took place at the peak of the dot-com bubble, indicating that the stock market maybe a speculative bubble unsupported by the real economy."
Gold oversold and this proves it and also there is another bubble waiting to go bang! the US or Japan take your pick!
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great article on gold, page-2
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$15.81 |
Change
-0.460(2.83%) |
Mkt cap ! $22.58B |
Open | High | Low | Value | Volume |
$16.03 | $16.13 | $15.75 | $114.7M | 7.188M |
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No. | Vol. | Price($) |
---|---|---|
2 | 1359 | $15.81 |
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Price($) | Vol. | No. |
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$15.82 | 12858 | 2 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1000 | 15.800 |
2 | 3230 | 15.760 |
7 | 7598 | 15.750 |
4 | 4535 | 15.740 |
2 | 2500 | 15.730 |
Price($) | Vol. | No. |
---|---|---|
15.820 | 12658 | 1 |
15.960 | 2000 | 1 |
16.000 | 323 | 1 |
16.060 | 1500 | 1 |
16.100 | 20000 | 1 |
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