But I lost my nerve
I tried my imagination
But I was disturbed
--Tommy Tutone
Strength in gold continues. The yellow metal has powered through its 50 day moving average and has crossed the 1350 level. The next technical bogey is resistance at 1400.
Stochastics are 'toppy' but not 'twisty,' meaning that, although gold is due for a rest, additional movement higher from here would suggest a move with considerable energy behind it.
position in gold
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
1 comment:
It is the greenback which is unstable, and not bullion.
~Dr. Franz Pick
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