Redback's Australian Stock Market Report

A daily report on the Australian Stock market and selected Australian stocks.

Tuesday, October 5, 2010

The Gold ETF has broken out to the upside. A "buy" signal.

This has been confirmed by a similar break-out on the Gold/XAO ratio chart.

A break above the 55-Day Moving Average would be an "confirm" signal.

Cheers

Red

redbacka: Brisbane, Queensland, Australia; Redback has had a varied career in Education, Academia and Business. He has a bachelor's degree with a double major in English and Philosophy. Post Graduate qualifications in Administration and a Master of Science degree. Besides looking after his granddaughters two/three days a week, he devotes himself full time to stock market analysis.

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