Big Money Coming Back into Gold

miked | Jul 13, 2006 | Comments 0

Richard Russell:

…But big money is coming back into gold. The daily chart of GLD below shows gold closing above its blue 50-day moving average. Since the 50-day MA is above the 200-day MA, and gold today broke out above both MAs, this is what I term a “moving average buy signal.”

http://www.321gold.com/editorials/russell/russell071206.html

Filed Under: Precious Metals

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Welcome to our Little Corner of the Internet

Michael K. Dawson walked away from a 20 year career in Engineering, Marketing and Sales in 2006 to trade full-time on his own account. His forte is discovering long term themes, leveraging them thru the Stock Market and riding 'em as long as it's putting money in his pocket. Thus, the moniker Trend Rida (more).
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Big Money Coming Back into Gold

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