Forum
Posts by "montmorency"
678 Posts Total by "montmorency":
74
Posts by Anonymous "montmorency":
We can't rule out a jump even higher, I would have thought. I was interested to see a gold-bullish article in the mainstream Guardian newspaper today:
http://www.guardian.co.uk/business/2010/jun/28/gold-new-high-double-dip-recession
If that isn't a warning to get short, I don't know what is :-)
To be honest I think we have to get ready for it to go either way, and fast.
June 28, 2010 01:11 GMT:
Video: http://www.thegoldandoilguy.com/articles/sunday-june-27th-gold-spx-video/
See also:
http://www.bigtrends.com/articles/dailytrendwatch/13284-is-gold-near-a-5th-stage-peak.html
Essentially, both see possible big corrections prior to resumption of bull trend.
I don't know, but I think the outcome of G20 was less than spectacular wasn't it?
Maybe that has some bearing.
I don't think the Euro is weakening all that badly against the USD though. Seems to be recovering slightly. I'm guessing there will be another push higher (back to ~1.24)., but it's not much more than a guess.