Thursday, September 3, 2009

Miners Are Going Parabolic - Gold Advisory: Target is $1,200

Gold is taking off and is on the verge of a potential upshot of several hundred dollars. The folks at Market Club have a nice video today on gold action this week. Their target is $1,200, and if it breaks $1,000 they see a potential stampede of buyers.

The video is quite educational and timely, it looks at the head and shoulder formation, MACD, and trendlines, showing the reasoning behind the target values: Watch video.

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