"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

Friday, January 27, 2012

How a European views gold...

Aufwärts tendierend... En hausse... En alza... as measured in the common currency.  If gold should clear the current resistance, it is going much higher in euros.

This analysis, if proven out, paints the hysterics in the precious metals sector after the upside panic of last summer as nothing but a winnowing out of the weaklings; the people that bought out of fear and panic and no long term sense of value.














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1 comment:

  1. Arriverdecci Athens, Roma, Lisbon and many others if that chart breaks out.

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