13.03.2012
11.03.2012.
11.03.2012.
COMM: GOLD : . Some says don't lose patience with, or confidence in, your gold investments. What happens to the price over last week is only one short chapter in story of this bull market. Some says the market held near the 200-day moving average and a trendline was just below and than 1705 is still supportive for gold.
Do you see any new, aggressive buying in the market?! To be clear, gold may be a target bearing in mind geopolitical situation but temporarily is also good stock for central banks to selloff for a while. Those that are looking for a peak above 1790 in the gold price will be greatly disappointed as we for a nearest days will observe whether gold may reach 1730?( still important level). Maybe firstly should look for stabilisation ? and than market decide which way will continue. In my opinion there is enough time this year to perform correction …before inflationary spiral will push the gold price to higher levels in such an inevitable mega-trend in gold.
Do you see any new, aggressive buying in the market?! To be clear, gold may be a target bearing in mind geopolitical situation but temporarily is also good stock for central banks to selloff for a while. Those that are looking for a peak above 1790 in the gold price will be greatly disappointed as we for a nearest days will observe whether gold may reach 1730?( still important level). Maybe firstly should look for stabilisation ? and than market decide which way will continue. In my opinion there is enough time this year to perform correction …before inflationary spiral will push the gold price to higher levels in such an inevitable mega-trend in gold.
I do not suggest this time any speculative long/short positions, as my indicator signals only flat buy signal what is not worth of consideration as I still opt for lows under condition that 1730 won’t be met. Count that not.
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