The Gold Stocks as represneted by the $HUI (530) have broken and closed above the 500 level giving a target move up to 570 another 7.5% rise. I invest using the BlackRock Gold fund 1592p which is up 300% since the low of 500p in October 2008.
Thursday, 7 October 2010
GOLD $1355 Time to take some profits
I've been a GOLD Bug since 2007 and suffered the 30% plunge from $1030 in March 2008 down to $690 only 6 months later. The recent up leg has been triggered by the "proposed" QE2 monetary easy policy of the FEB and the BOJ. The next target move up from $1325 is $1360. A close below the previous day low ($1339) and the 5ema($1330) will be the trigger to enter a Short
The Gold Stocks as represneted by the $HUI (530) have broken and closed above the 500 level giving a target move up to 570 another 7.5% rise. I invest using the BlackRock Gold fund 1592p which is up 300% since the low of 500p in October 2008.
The Gold Stocks as represneted by the $HUI (530) have broken and closed above the 500 level giving a target move up to 570 another 7.5% rise. I invest using the BlackRock Gold fund 1592p which is up 300% since the low of 500p in October 2008.
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