"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, June 14, 2010

Bully... where to from here?

Well, first the resistance that coincides with the 38% Fib must be surmounted and then, if all goes well for our hopeful friends, there is a reasonable shot at a 62% retrace to around 1150. You buyin' it? Well, I know you day traders are, but how about sincere bulls looking for value... you buyin' it?