Thursday, November 4, 2010

2:50 PM PDST GOLD HAS BROKEN OUT ABOVE THE WHITE DOWNTREND CHANNEL AND THE PREVIOUS ALL-TIME HIGH AT 1388.1, THE YELLOW UPTREND CHANNEL TOP LINE MOVES UP TO TODAY'S NEW HIGH AND THE MARCH TO $1400 AND BEYOND CONTINUES

GOLD COULD EASILY REACH $1400 TONIGHT BUT MAY NOT PIERCE IT IN A BIG WAY, IT BEING A 'PSYCHOLOGICAL' ROUND NUMBER. USUALLY, GOLD EITHER BLASTS THESE NUMBERS RIGHT AWAY THEN PULLS BACK ON PROFIT TAKING, OR GOLD WILL BOUNCE OFF THE NUMBER AND TAKE TWO OR THREEE TRIES TO EXCEED IT. WITH GOLD BEING MORE WELL KNOW NOW AMONGST GENERAL PUBLIC AND THE DOLLAR A PIECE OF TRASH, THE PUBLIC MAY START TO POUR INTO GOLD NOW AND MAKE IT EXPLODE BY HUNDREDS OF DOLLARS JUST LIKE IN THE '70s WHEN IT ANS SILVER EXPLODED. THERE IS A PRECEDENT FOR THIS MARKET IN FAIRLY RECENT HISTORY, BUT THIS WILL BE THE BIGGEST FINANCIAL EXPLOSION EVER HEARD 'ROUND THE WORLD.

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