Solidly over 10,000 again after a period of consolidation
Will 10,000 be support now on the way to 11,000?
I see that as most likely.
11,000 by December 15? Very likely. But after that consolidation should resume.
Why? Because the dollar will not keep falling forever. A dollar recovery in 2010 is very likely and will make market gains more difficult.
What about gold? New records today. Could top out around $1150
Don't be afraid. Be rational. Use reason.
What would a reasonable person do?
Subscribe to:
Post Comments (Atom)
3 comments:
11/11/09
gold trades above $1,115 an ounce
stocks continue to rally
Dow 30 now over 10,300
Spot gold [US@GC.1 1112.6 -1.40 (-0.13%) ] shot up to another record at $1,122.85 an ounce on Thursday (11/12/09) as a weaker U.S. dollar lifted the metal's appeal as an alternative investment to currencies. Bullion has now renewed record highs for six out of the past eight sessions.
well... gold keeps it up
new record 1,179.55 11/23/09
Post a Comment