Gute Charts und Analyse von Clive Maud...
...The first and most important point to make is that the strong advance by gold throughout September and October and into early November involved a breakout from a consolidation pattern lasting approximately 15 months, and is regarded as the FIRST UPLEG of a major uptrend. This being so the current retreat is viewed as a reaction, not a top, so the only question is how far it runs before gold takes off again to the upside. As with the major uptrend of late 2005 - early 2006, the price should at intervals test support in the vicinity of its 50-day moving, as it is doing now, and this average can be expected to maintain a fairly large gap with the 200-day until the advance has run its course, which is believed to be a long way out yet. So, bearing in mind what was written about the dollar above, and gold's propensity to "telegraph" action in the dollar, how much further is it likely to react before the advance resumes?
The answer is about $765, with $10 leeway either way, and it will have to be watched closely because once it reverses to the upside it is likely to be fast. If gold does drop back to the $765 area there is likely to be a sharp but brief shakeout in Precious Metals stocks, which should prove to be a significant buying opportunity.
Clive Maund
http://silverstrategies.com/story.aspx?local=1&id=10072
Ps. Solange es nicht unter 777 und HUI 400 geht kann der Dollar ""snappen"" wie er will. ...
Eine neue Rolle bitte, Ben ! ![]()