2009-08-25

Gold Price Up And Down Like A Spring
















Speaking of confused markets, the GOLD PRICE yesterday fell USD10.90 to close at USD942.30 on Comex, equal to RM106.62 per gram. The gold price needed to follow up with a higher close today, but fell instead. Isn't that weak? Not really, because it didn't fall out of the triangle it has been trading in. I'm tempted to say (with Ned Schmidt) that gold is in the hands of traders, who are taking it back and forth to scalp small scalps.

However, the technical pattern doesn't lie. Gold continues to trade within that triangle; falling out of the triangle would have spoken of terrible things, but gold has not fallen out of it. And even-sided triangles can break out up or down. Like a spring, the gold price is coiling for a break out. It's a bull market, so it will most likely break out to the Upside. Only the question is when it will end the spring circle.

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Malaysia Gold Investment

I found Gold Investment in Malaysia is a vary good tools to make profit when the market is down. I also found that Gold Price go up and down more slower compare to share market so to make money in long term, Gold is the right tools. This blog is all about Malaysia Gold Info and the way to make profi

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