Friday, May 11, 2012

Gold -- Bugz Failed To Show This Week

Earlier this month I opined the bugz were due to rally their favorite lest it drift down to pivotal
support at 1560. Well, they have not shown up and gold has started drifting down to $1560 oz.
support. The indicators are bearish on the chart, but the market is getting more oversold on an
RSI basis. Gold chart Where are these guys?

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