Wednesday, July 14, 2010

Gold ETF 14/7/2010

The ratio chart Gold:XAO seems to be at a key support level.

A break lower will be negative for gold.

This is important since the general stock market as measured by the XAO also seems to be at an important transitional point. Its been going up solidly for a week - next question - can it keep going up.

Cheers
Red

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