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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Friday, 16 March 2012

Gold approaching support ?

Gold looks to be in a bullish declining wedge.There is fib support and gann wheel support at 1625.I have Gann time cycle congruence here and next week,including the Spring  equinox on Tuessday.If stock markets  reverse sharply ,which I believe likely, it is possible gold could go lower but I think anywhere near 1600 looks a good area to be buying on a medium term view


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