I am a bully old boy in Gold at the moment, and I seem to be sharpening my horns as of late. Anyone that knows me understands that I have been buying this bad boy since about the 500 / ounce level. Even back then every man and his dog said there was NO CHANCE it would go higher….WELL sorry to say….IT DID.

If the US dollar goes down the tube, then this is going to do even more to strengthen the current gold prices..Now the pattern in gold is very interesting as of late, and as one of those sneaky yet dainty chartists I had some spare time up my sleeve so instead of getting into other mischievous activities, I thought would help you out and post a quick little analysis on what I think about gold at the moment..

I think this is where I should MOO…  and warn you, this is quite boring analysis, but I guess not as boring as the life of a bull!!

Press play below to watch the video…

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Tags: charting gold, forecastfortomorrow, gold analysis, gold chart, gold prices, sharpening horns, technical analysis, the price of gold, www.forecastfortomorrow.com

This entry was posted on Wednesday, August 26th, 2009 at 3:33 am and is filed under || ECONOMY ||, || VIDEO ||. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.