tag:blogger.com,1999:blog-37433435.post9147572158130093589..comments2024-01-29T01:52:07.363-05:00Comments on Kevin's Market Blog: Gold - Up AgainKevinhttp://www.blogger.com/profile/10858224918246729626noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-37433435.post-14609810352213689842009-09-05T12:40:48.508-05:002009-09-05T12:40:48.508-05:00Kevin,
You probably spotted it already - there is...Kevin,<br /><br />You probably spotted it already - there is a big triangle in USO forming also. Other than gold, it was started by a huge fall, so given the prevailing doctrine it should break down from this consolidation at some point. However, as you stress we should wait for the market to show us where it is headed and if it should break upwards we should pass.<br /><br />JoeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-5353714881951258262009-09-03T20:29:38.720-05:002009-09-03T20:29:38.720-05:00I think gold will turn back here once again. The r...I think gold will turn back here once again. The reason for gold to go up on Tuesday was the rumor about some big bank failure and the abrupt 25 points sell off in S&P 500. I think this caused the money to flow into safe haven, causing the technical levels to breach resulting in a further stampede.<br /><br />Traders are holding it overnight and will sell off big once the jobless data comes Anonymousnoreply@blogger.com