ZLATO – hranice TA

Gold during the last period rallied towards the upside direction in a very strong move after it created a bullish channel to hit the upper band of the increasing channel at $914.20s failing to break it to generate downside correction movements until the major support levels at $870.00. The step ahead for gold could be towards the downside in form of correction movements to gather enough momentum to reverse back to the upside again at $925.00.

23.01.2008

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan