The US dollar is strengthening as capital flees higher-risk economies and flowing into the greenback. And this is weighing on gold, bringing it down to its first weekly uptrend …
There is support below this, at at 738.90, and then the second uptrend comes into play around 675. Will gold go that low? And would it be the buying opportunity of the year if it did?
More on this topic
(What's this?)
Inching Closer to the Gold Explosion
(Gold Versus Paper, 3/13/10)
Bloomberg Gold Buy Signal
(Gold Versus Paper, 3/9/10)
Why the Gold Bubble Will Peak at $2,000 in 2010
(Money Morning, 1/23/10)
Like oil for gold? Oil pushing new highs while gold languishes
(CHARTLINES (tm), 3/9/10)
Related Posts
- Gold Tests Important Overhead Resistance (08/03/09)
- Great Looking Gold Chart! (11/24/08)
- Monthly Gold Chart & Happy Festivus! (12/23/08)
- Gold Chart — Starting to Improve (02/16/10)
- Monday Is Chart Day - Oil, Gold, Corn and More (06/08/08)
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Dear Sean, Kudos on today’s eletter! I have never before been inspired to write but your piece today has revived my interest in Weiss. I agreed with your sentiments and appreciated your insights. I also found your presentation of
ideas and candor refreshing without the expected hyperbolic (and often apocolyptic)tone as well as the pushy marketing of Weiss products in each email. These distractions often diminish content. Your eletter was a breath of fresh air. Thanks again for
the informative and fine eletter. All Good Wishes, Deanna Weber