Saturday, October 3, 2009

Gold is the top in?

Gold kissed the yearly R2 pivot(purple line marked R2) a few weeks ago at 1026. In my opinion, that will be the high on gold for this year. Gold is now making a head and shoulders pattern(blue arrows), and I'm looking for a big pullback in price, and shake the grannies out. There is no Inflation, we still have Deflation going on. Gold always ends in tears... it has for thousands of years!