Friday, April 25, 2008

Gold has broken the bull trend and now heading towards EMA200. RSI is oversold and MACD remain in negative zone. For time being, I will wait and not jumping in until London & NY trading tonite to give further signs.

below is a very interesting statement from Casey Research.Com :
.....With options expiry in progress, and first day notice for silver delivery next week, the boys are shaking this tree as hard as they can to get all the weak longs and tech funds to cough up their positions so they can cover. This bear raid is totally illegal, of course. It's like a Mafia/Nazi controlled town...there's nothing that we can do except sit and watch and mutter obscenities at them under our collective breaths. When will this be over? Don't know. Are they gunning for the 200-day moving averages? Don't know that either. Only they know, and they aren't about to tell us. Note the rise in the US$ yesterday...up a bunch. Funny thing is, that gold is never allowed to rise that much when the dollar heads south...


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