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Double bottom for gold?

By: Decomposed in ROUND | Recommend this post (0)
Thu, 19 May 11 5:27 AM | 98 view(s)
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MarketWatch First Take

May 18, 2011, 4:18 p.m. EDT

Double bottom for gold?
Commentary: Tuesday appears to be second half of double bottom

By MarketWatch

CHAPEL HILL, N.C. (MarketWatch) â€” Evidence is growing that gold has formed at least a short-term bottom around $1,480.

Tuesdayâ€™s close at that level, for example, now appears to have been the second half of a double bottom, with the first half having been formed by May 5â€™s close of $1,481.50 an ounce.

Article continues: http://www.marketwatch.com/story/double-bottom-for-gold-2011-05-18

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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