Gold 2011/12

is it time to start a new thread, Al ?

gold moving back to ratio'd res and silver agreeing.....likely a few shorts get unwound next few hours once 1680 is taken out....commercials showing small buys at the low, silver holding it's 1:1 ratio implies the downside is over....credit debt expansion....all the buying ducks are standing in a row....
 
Whilst 1800 has acted as resistance gold has made lower lows.

So now 1640 the old target has been taken out, T2 = 1540 stands.


(n)
 

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gold is certainly on a downer at the moment .............and with USD so bullish things look real good

N
 
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