SDMarik

So what is gold up to?

AMEX:GLD   SPDR GOLD SHARES
57 0 0
I seem to have been getting a lot of questions lately on my opinion of where gold             is going. The technical's on gold             are pretty straight forward, it is in a downward trend, just hit its upper trend line and is also coming up on a level of resistance with a recent bullish turn around. It has some fibo levels coming up as well.

However, regardless of what the technical's look like, if the dollar collapses gold             is going to fly, we are coming off 6 year lows so needless to say there is a ton of room to run, if it gets the boost it needs from the dollar (which, like everything else right now is all about OIL             OIL             OIL             ) It's off to the races.
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