18 JUNE 2011
The combination of the escalating sovereign debt crisis in Europe, the unknown future of the Fed’s quantitative easing program, the ongoing debt ceiling debate, the early warning signs of inflation, especially in food and commodities , and ongoing geopolitical instability promise to make the second half of 2011 very interesting for the gold market. Whether or not a meaningful pullback will manifest in the next two months is unknown, but the past ten years do make one thing abundantly clear: If you’re looking to add gold to your portfolio, taking advantage of the summer doldrums can be a reliable and rewarding strategy.
(Source:http://www.marketoracle.co.uk/Article28472.html)OUR STRATEGY : GOLD CLOSED AT $1540
KEY LEVEL TO PUSH GOLD UP ABOVE 1548 WILL FLY UP TO $1558
ABOVE 1560 WILL TRY BREAK ALL TIME HIGH
REVERSAL PATTERN IF BREAK WILL PULL DOWN TO $1530-$1524 LEVEL
0 comments:
Post a Comment