Wednesday, April 8, 2009

$Gold again....





$Gold is bouncing off of it's lowest second order trendline, if it fails here, then deflation is really revving up...Although, note we are creeping up on a .2500 node in the middle diagram. This might provide a short term reversal or bounce when we get there. I still would vote for a deeper level as we get near the .5000 nodes some months from now...

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