it nearly RECESSION time....

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
We have a strong trend ( TL ) line formed which has been respected a number of times, I'm sure you can point out where! Now our overall outlook on Gold is long ( bearish ) but we could se a slight pullback to our trend line before price takes off again.

We are bullish long term on gold because we can see the mess the US economy is whilst other people continue to believe the governments lies that everything is ok, Now when the economy is in a mess people will run out and buy gold as a safe investment so gold prices will rise when the RECESSION hits, So if we can see this before most people then some good money can be made... Stick with us and you will be just fine ;p