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Re: How to spread your bets on gold

By: Decomposed in ROUND | Recommend this post (0)
Tue, 04 Oct 11 11:48 PM | 18 view(s)
Boardmark this board | De's Test Board 		Msg. 35227 of 45644
(This msg. is a reply to 35226 by clo)
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clo,

re: "Would you consider this a double top?"

Of course. It's a double-top on a short term term chart.

Double tops indicate that an uptrend is likely to turn down. And, of course, gold's trend did.

But look at my long-term chart (sorry for not posting it correctly earlier - so I'm doing so now) and guess what? There's no double-top.

My conclusion is that the double-top you display foreshadowed a short- to mid-term pullback in the price of gold. But not long.

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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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The above is a reply to the following message:
Re: How to spread your bets on gold
By: clo in ROUND
Tue, 04 Oct 11 10:50 PM 		Msg. 35226 of 45644

Decomp,

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Would you consider this a double top?

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