Wednesday, December 9, 2009
My next gold price watch
One of the very critical points to watch is 1,000. This is the line in the sand -- 1,000 was a strong resistance but now could be a strong support. There is no need to do the guess work, just watch, if it breaks down, then wait a little longer before start buying -- it will take a least 3 months to shake off the weak hands. One of the important things that I learned -- bullish does not mean you have to buy outright.