Monday, July 24, 2006

Gold Market update

This is it ! , My technical work is indicating that the price of gold probably bottomed today. As said before, wave (3) – III - Is about to begin! Exciting times ahead as gold is going to show spectacular strength. The gold market will soon experience a strong, sustained and extended rally. The May top is going to be challenged with good possibility that gold will finely make new all time highs.

Gold bulls should be prudently greedy if I might say. Gold Bears are going to be forced out of their positions in a violent manner.

Gold/$, Gold/€ & Gold/¥ all formed an intraday V shape bottom.

CBOT 100 oz. Gold Sets New Volume Record Today.

Initial price target 777$.

I will update as time permits.

spot price gold chart

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