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 Strategies & Market Trends : Natural Resource Stocks

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From: ryoung891810/3/2006 1:24:45 PM
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I'm not a technical guru, but it seems to me looking at a 1-yr chart for gold, 580 looks like support, or worst case 540. IMO, we're as oversold at 577 as we were overbought at 720.

Without getting too "tin-foil hat" here, I think there is a concerted effort to pump the stock markets up, and the commodies markets (particularly oil) down leading into the Nov. elections in the US. One thread on another board here refers to some of what appears to be happening:

Message 22865140

All IMO, and you may take this as a indication of gold falling further.. ;-)
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