Intra-day Action
Does gold have the plums to get over and above 1000 an ounce before the end of the week. We have seen a few intra-day spikes over this level in the past couple of years, but it never lasts.
Gold bug
If the indices and economy plummet or pullback significantly, gold will get the run over this price. There have been a lot of ads on the TV these past 2 weeks with companies asking you to send in “any gold, jewelry or broken jewelry etc for CASH!”. You would be a fool to do this right now.
I like this blog and if you start making more entires I’ll sure be following, as student and wanna be trader myself I’m teaching myself risk management and technical analysis.
Chris
September 23, 2009 at 5:26 pm