Monday, December 20, 2010

Gold to Buckaroo in the New Year - CNBC Chartist Analysis

CNBC chartist gives his opinion on where gold is going.I got the impression he was saying short term volatility to the downside and then a breakout. Gold has been buggering around doing not a lot for a while now. I think it'll do something decisive in the next month or two and I can't see a reason to sell it yet

He is as good as the average meteorologist, 50% chance of partly sunny on Monday then 50% chance of partly cloudy on Tuesday, followed by a 50% chance of rain on Wednesday.

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