Saturday, December 4, 2010

Gold breakout

The Head & Shoulders formation I mentioned earlier has been invalidated, with Gold closing at $1414, a new weekly closing high and "closing in" on its intraday all-time high of $1428.

Gold also made a new all-time high in euros at 1051 Euro, signaling a clear breakout above 1000 euros.

It would appear as though Gold is set to make a run at $1500 this year. I hope you all have miner exposure!

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