Gold(Update)

Feel so good to be able to upload charts again. As promised, here are the two charts that I want to share with you mentioned in my yesterday entry.


The chart shows that Gold ETF has always stayed above 200 MAV(Green line), whenever there is a correction, it can always fight off the bear and move back up quickly until second half of 2008. Down trend begins to form.

The second chart below show that it has been struggling to fight the bear. Gold fought back after being pulled below US $ 80 recently which makes many feel relief. If it can consolidate and move above US $ 85 will be a good news, if it consolidate and move down - God bless all - All hell breaks loose.


(Click images to enlarge)