Nice cup and handle taking shape on spot gold chart.....and monday's closing candle on the us$ indicates to me that the greenback dollar index is going to finally start correcting.
Very unusual, don't you think, that gold didn't take a beating along with the recent rapid decline in oil? And wasn't it funny that gold also didn't beat a hasty retreat with the usd's meteoric rise since mid-december? And was it just coincidence that yesterday the hui, xau and gdxj together all finally closed above their respective 50dma? Could this mean good days lay ahead for the pog and quality gold stox? Do you think the gold market is trying to tell us something? Well I've run out of rhetorical questions so I'll just say good-night and talk soon. Jmvho.
goldopportunity