Friday, February 27, 2009

Gold charts...






Notice that the second order trendlines stopped the $Gold rally when the primary trendlines didn't...that's unusual...
This somewhat resurrects the idea that we still have a bottom in $Gold out somewhere near the .500 node or beyond, which is normal behaviour...note though that we are also sitting on a primary trendline, and this will provide support, so this is still a somewhat undecided set of charts that needs further time to resolve...

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