Saturday, October 15, 2011

Gold long term bullish, but beware the short and medium term.

. Short term bullish,
. medium term bearish,
. longer term bullish.

. Gold has the backers of Central Banks and Indians wedding.
. Silver has no such backers.
. It basically piggy backs on gold, like they say poor man's gold.
. Rises either slowly or speculatively
. Drops like a bomb or a knife.

. Tecnicalyst looking at $1550 levels.

http://thecitizen.co.tz/business/-/16125-gold-price-steadily-rising-to-over-2000-per-ounce

No comments:

Post a Comment