Wednesday, June 23, 2010

This is NOT the end of the Gold rally

With the onset of every reaction in gold the chorus of "this is the end" across the trading floors and high speed switches of the Internet.

Trust me, the end will come in the form of a public mania. John Q. Public, the man on the street, will be checking gold prices daily on their handheld devices and shop store windows across the country and globe.

This is not the end but rather a "purely coincidental" reaction during a Fed meeting that has been repeated too many times to count. The a rainbow of colors, previous resistance zones, will now be tested as support. Watch for bullish setups once this paper operation ends.

Paper Gold ETF (GLD):


Turn off the TV, watch US Football (soccer), and for those that need "this is the end", listen to The Doors.

This is the end
Beautiful friend
This is the end

The End, The Doors 1967



Source: lyricsfreak.com
Source: youtube.com

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