Monday, March 23, 2009

Gold Price Pattern

The graph of the gold price shows what is probably going to be an upside down head and shoulders pattern showing around 1300 as the next stop for the gold price. Take the difference between the gold price at the head and the gold price at the neckline and add it to the gold price at the neckline.


The Mexican 1 oz gold libertad

A member of the banking committee thinks the US is still on the gold standard:

Did not catch the second up move in US equities?
Did not catch the up move in real estate?
Gold is a barbarous relic?
Gold does not pay interest?
Silver does not pay interest?

No problem for those that were early buying gold and silver and waiting patiently. The best part is that there are still years to go in the gold and silver bull markets.

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