Thursday, November 02, 2006

Gold - Yup! Let's Call it a Breakout.

I called it here . Sure enough, it's broken through the trendline. Very basic TA here.

But the gold bugs are all aflutter; with this pragmatic Avalonian fluttering in unison. Something to cheer about while I wait for the stock-market to give a short signal.

Oh wait! The SP500 went down 10 points or so yesterday for the first time in, like 500 days! But I'm waiting for the cavalry to show up, those merciless dip buyers. (or is it the GOP doing all the buying, lol)

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