Intervention against the secular trend cannot be maintained for long. Remember that when F-TV and select F-TV guests scream top yet again.
Gold ETF (GLD):
Monday, June 28, 2010
Paper Gold
Today’s (G-20 engineered) declined probes 6/17 gap support and is meant to smash growing confidence in gold. Fiat money is a confidence game. Growing confidence in gold, or waning confidence in fiat, is not in the best interests of G-20 nations. Any test of support, either 6/17 gap or the rainbow of gaps below, on light volume would be a bullish setup.
Intervention against the secular trend cannot be maintained for long. Remember that when F-TV and select F-TV guests scream top yet again.
Gold ETF (GLD):
Intervention against the secular trend cannot be maintained for long. Remember that when F-TV and select F-TV guests scream top yet again.
Gold ETF (GLD):
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