Technical Look At Gold

Eric,

I attached what I have on the chart. I think we have a week or two left and then something has to happen. I think August could be pretty good to us.

Matt

U.S. Gold


Price, thus, charts can be easily painted to elicit a computer response. What is far more difficult to paint is the force behind the trend. Any price analysis is incomplete without it. Still, it is highly likely that the "managers" maximized the technical damage to coincide with option expiration and contract roll over this week. This will be confirmed or refuted by the breakdown of contracts in the paper market released at the end of the week.