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pa30twin

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Re: ..........GOLD has decoupled..........

in response to Re: ..........GOLD has decoupled.......... by Yurdon

posted on Nov 04, 09 08:11AM

The next week will tell if it has or not. One day does not a trend make. However, Sinclair has said for years that IMF gold sale would be a very bullish event. Yesterday he was proven right.

Gold broke out on strong volume. It needs two to three days of follow through (weekly close at or above $1,100 would do it) to start push to $1,300. Looks good early today, but NY has yet to open. :0

The G20 meeting this weekend is all about what to do about the dollar. They all know it is toast, but the haggling will be how to extricate themselves from the problem. They will speak in their code phrases and you'll never read this in the main stream media, but that's a fact folks.

Patients. Let the markets tell us what they are up to. If gold can go up during an FMOC meeting, it can do anything now.

Regards,

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