Red-Hot Resources

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

Monday, December 15, 2008

3 Charts on Gold

Gold is powering higher today.

To quote MacBeth: "Is this a breakout from a cup-and-handle formation that I see before me?" Well, maybe I'm taking some liberties with the bard.

But gold's move higher is translating into even bigger moves for the major gold producers ...
And we're even seeing moves higher in the little-known foreign gold miners that have been pounded into the dirt over the past six months ...

What's it all mean? I don't know. Ask me when/if gold hits 850. It sure is good news for the recommendations in my recent "Golden Parachute" gold report.


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