Gold has broken the short and mid term trend lines. It is very important to
note, it is well above the monthly trend lines (see graph) IF gold can
muster a rally and close above $1180.00 on Friday this break is a bear trap
and it would be wildly bullish in the short term.
Oh and by the
way you might want to ask yourself this, Do you own a tangible investment
that is up 8% this year? If you did would you be happy about it today?
Gold is up 8% already in 2010.
Bottom line, keep buying the
dips, we all know the fundamentals are in our favor so BUY, BUY, BUY! Don't
be suckered into mass produced dollars.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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