Saturday, February 16, 2013

GOLD DUE TO SURGE

http://www.zealllc.com/2013/goldyng.htm
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"THE TECHNICAL ANALYSIS  OF GOLD IS REPEATING A PATERN BACK IN 2008"

Gold’s Young Upleg
Adam Hamilton February 15, 2013 2778 Words

Gold has suffered a tough slog lately, unable to advance despite central banks aggressively inflating their money supplies all over the world. Seeing gold stuck in the mire despite very bullish fundamentals has certainly exacted a psychological toll on traders. They are irritated and discouraged after watching the yellow metal inexplicably languish for months. But technically gold still remains in a young upleg.
 CONCLUSION:
With traders being fed up with gold and very discouraged, and it being very oversold, this metal is overdue for an imminent major rally. Some catalyst is going to arrive very soon that will spark serious buying as gold shorts rush to cover their positions. Maybe it will be the US stock markets rolling over, maybe it will be Europe woes, maybe it will be something else. But technically gold is due to surge.
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http://www.zealllc.com/2013/goldyng.htm

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