Tuesday, January 18, 2005

Gold, Random Roger, etc

Random Roger, who always has a nice response for me when I comment on his stuff, has a nice little chart of gold and asks the provacative question, is gold in trouble? I think I come to a little different conclusion than he does. I'll post the charts as soon as I can, but Flickr (my image hosting site) is balky right now. Basically, the daily chart shows gold still above its 200d ma, and just at a trend line. The weekly chart is an absolute thing of beauty--the long term trend line is solidly intact, and this looks like a dip to buy.




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