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Saturday, January 17, 2009

The Gold Prices Newsletter

The Gold Prices Newsletter

GOLD: Needs a higher High!

Posted: 16 Jan 2009 07:48 PM PST

Gold Chart 17 Jan 09

Chart courtesy of StockCharts.com

As noted on the chart above 2008 was characterised by a string of the lower ‘highs’ and lower lows placing gold into a short-term down channel. From mid-October gold has put in a tremendous rally to close at $842.40 today, however, what gold needs to do now is establish a higher high by beating the last high of $892.00 and reverse this mini down trend (more…)

Related on Gold Prices:
Gold ready to move past $700 in coming weeks
High River Gold Mines Ltd: Upside Breakout
Agnico Eagle: Correction Underway
Golden Cross on Agnico Eagle
High River Gold Mines Ltd: Up 6.55% yesterday

Also See:
Uranium Stocks news and information on profiting from uranium stocks, future outlook for uranium prices and more
Silver Prices for silver news and reports with real time silver prices and charts

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