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Message: Hubert sees a Gold Price Rebound, On today's Tyhee Investors Blog

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Hubert sees a Gold Price Rebound, On today's Tyhee Investors Blog

posted on Mar 19, 10 01:11PM

http://tyheeinvestors.blogspot.com/

Are we going to see a rebound in the price of gold? I say YES

If you check this chart, you should say -like me - gold is going UP and SOON.

http://www.kitco.com/charts/popup/au0182nyb_.html

What you see is a huge reverse Head and Shoulders that started at the peak end of November 2009. Right Shoulder around December 20 followed by Head early in February and left shoulder ending around March 12. No change in the POG this week -for the design of a nice shoulder and the S&H should be completed be the middle of April. If I am right ( NO comment please) the POG should start going up again next week and after reaching the previous November high should shoot up to new - non adjusted for inflation - high.

Hubert

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