Red-Hot Resources

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

Thursday, March 20, 2008

More Gold Charts

Here is a daily chart of gold. You can see the test of support has turned into a real breakdown.
And here is a weekly chart of gold.

This doesn't mean the long-term bull market in gold is over -- far from it. But in the short-term, the charts are telling us to something else.
Check out my new gold and energy blog at