my case for gold and why i'm bullish , page-6

Great post Adwebster. I see exactly what you see. But I'm sure we've both seen what has happened to very short term uptrend lines in the past.

There have been so many false dawns and gold equities have so far performed poorly in relation to the gold price (eg the HUI is about 40% off its March 2008 high. I guess though that's better than most US bank stocks!)

In addition large daily rises in gold continue to be followed through by weakness instead of strength while very bullish gold news just as often as not sees the gold price get instantly smashed US$10 or US$20 in a matter of minutes.

There is little logic any more about what makes gold rise and fall. It is no longer possible to make a confident prediction based upon news that is being released.

In other words gold is not trading like it should in a non manipulated environment.