Yesterday's AM and PM fixings have impacted the internal figures of gold
with sufficient strength to warrant the establishment of a final bottom in
the price now or in the very near future.
However, as my associate Kenny Adam says, the form of the bottom will be a
move first into a sideways chop rather than an immediate hard move upwards.
Rather than fearing a sharp fast move into the $321-$325 area, such an
occurrence would seal the bottom based on a very hard internal shift from
the Cartel in command to the Asian/Islamic interest which is the bull
factor in gold.
The time factor is extremely near term and the figures for the general
equities markets and the gold market support this hypothesis. This is a
rather unique potential and we will examine its implications in a future
writing.
Conclusion:
You are on the threshold of the end of this gold reaction and the beginning
of a new bull phase. Those of you who have liquidated your gold positions
should stand ready to replace them using the stop-go and overhead
resistance areas already given to you.
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de qualquer tipo de transacção ou investimento.
