Monday, August 22, 2011

Gold ~ Update ~ 22 August 2011

Gold has rallied another 100 $ since my last upate and is now only about 6 % below 2000 $!

I think I've been reading that gold is in a bubble since it has exceeded 1000 $. Well, now we're almost at 2000 $ and I still don't see a reason to exit my long position or even enter a short.

Gold still looks strong and the uptrend remains intact as long as the uptrend line (currently around 1500) holds.