09 April 2010

Gold : Unequivocally Bullish

  • Strong uptrends evident in gold, against the major currencies.
  • Especially bullish in EUR (most advanced move) and JPY terms.
  • Against GBP, about to break out on upside.
  • Against USD, lagging. But chart is bullish nonetheless. Sometimes, you should buy the strongest (ie vs EUR). Other times, the right thing to do is to buy the laggard. Or heck, just do both.

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