Cheers AJ,
Ta for that detailed explanation ... A little more complex than I would (know to) go into ...
Funny how we all see things ... This is my take on gold...
Firstly, price is now north and appears supported by 7, 21 and 50 month M.A's - two of which are trending up, with the 50, not far off ... Also, we have broken north of the 5 year long downtrend (inverse H&S) as marked and are knocking on the door of breaking up through a second inverse H&S (I've put these up before) Of course, the second one is yet to occur and will take $1,350 plus, to bring it to reality. In any event, the lowest target price is in excess of $1,600 by my rough calc's. Needless to say this is big picture stuff and much can happen on the way to the dance!Cheers, Kip
Au MONTHLY
Fundamentals haven't changed, page-514
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