Wednesday, August 13, 2008

GOLD


~~~GOLD ~~~ 823 bounce from 808 as commodity is in oversold condition with the recent sell.

As noted that we have had gold bubble and it traded to targeted 1000 on 3/17/2008 after mid 2005 breakout following Katrina and housing top. It is now on LT downtrend even though we will see bounce in ST.

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