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Message: Stall or Through?

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Re: Stall or Through? - Example XAU

in response to Re: Stall or Through? - Example by woodchuk

posted on May 29, 09 08:04AM

Woodchuk,

I believe it to be already occurring: Check out the chart. Gold equities are moving with the Bullion price and they have not operated simultaneously since 2004. That was a good run.

"A major chart development has occurred in the XAU Index. The 500 and 1000 day moving average lines of persistent resistance have fallen. What was for so long a strong fortification of the bear operators is now history. We may retest these new support levels later on but the good news is that their line has been overrun and they are scattering. Eat my shorts paper shorts.

Long live the bulls!

http://bigcharts.marketwatch.com/qui...

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