I wanted to follow-up on
a post I made earlier that briefly talked about Gold and provide a visual with some navigational beacons drawn.
"I'm a fan of gold, but so far gold has not managed to get above the downward sloping trend line from the March 2008 high. If gold clears 850 that would setup a move to the 880-900 area, testing that trend line once again. My gut tells me it will not get above it just yet [Edit 'it' refers to the trendline], but I'd love to be wrong. If it does break north of 900 then we could be in for the 1k dash. The Long Gold / Short Crude is still one of my holdings."
