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Posted by ausound on August 11, 2008, 6:42 pm
88e6-722dacd0c146@l42g2000hsc.googlegroups.com:
> Good Luck All !!!!
> Hey Sounder, take a look at the gold chart and tell us where
> the technicals went wrong?
they ASSumed gold would hold at it's previous [mid2007] support at the 3
year support line
what's happening is it's going to test it's 5 year support like it did in
the 2Q2005
this all based on the XAU
YMMV
but looking at the 1-2-3 year lines on the xau
no wonder gold bugs were whacked
they were lulled into thinking it was all easy
and they had it all figured out !!
surprize suprize !
someone's ALWAYS workin' an angle
watch the xau for ->135<-
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