Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, January 18, 2007

Bullish Gold Chart

Last week's breakdown in gold was a fake-out, but as the old saying goes, if it were that easy, we'd all be billionaires. This chart on gold looks pretty darned bullish.
Forget fundamentals -- gold has been trading on sentiment and the US dollar for some time now. It looks like a "buy."


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