Gold Prices Technical Analysis
By Johns Wu on Feb 21, 2008
This is why I am long on gold.
3 major gold miners report tomorrow as gold commodity trades at all-time (uninflation adjusted highs). This will be a interesting week for gold.
Disclosure: Long on gold bullion.
8 Responses to “Gold Prices Technical Analysis”
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I like to stay long on Gold too. Especially when the dollar weakens. Thanks wizetrade.
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Gold is like a sponge, when water flows out of treasuries, or cannot get absorbed by that
sponge, and real estate looks like it is falling off a cliff, and when so many petro dollars
need to be recycled, gold is always going to absorb some of it. If oil significantly cracks,
gold will take a breather, but if oil just keeps running, the Fed will have no choice but
to push the brake pedal and take interest rates to the moon, no matter the fall out.
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