Friday, December 3, 2010

Gold Dec 3rd, 2010

That is one upside day for Gold, just $24.93... as the debt worries in Europe and the Euro declines.  Gold has now made a solid move higher that sets the trend of higher highs and higher lows.  It is a few dollars away from producing an all time high and may move to the top channel line within a week or two. ($1450+)

The MACD Histogram is on the move up and Gold should see higher prices over the next week or two.  An X-mas gift from Bernanke....  Stay long!

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