Sunday, March 01, 2009

Gold poised for another rally over $1000/oz

Now could be another good time to make gold investments. The gold price has retraced $60/oz over the last week to $US950/oz, and is poised for a move higher. We can see in this chart that the gold price has consolidated at the current level.
The monthly chart confirms also suggests that the gold price is going higher, though we might like more confidence from thew US market overnight. I am confident.

-----------------------------------------------
Andrew Sheldon www.sheldonthinks.com

No comments:

Post a Comment