I'm unsure about gold at the moment.I wasn't expecting last week's break out of the triangle.Someone told me it will correct becuase volume on GLD was weak,but volume on the futures appears to have been larger than normal.I am very bullish longer term though as I believe central banks will keep debasing their currencies and emerging economies like China will keep accumulating.If this move fails it may do so in the 50-62.5% retracement zone shown.
Sunday, 29 January 2012
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