Thursday, September 3, 2009

GOLD : What's going on?

Gold prices are trending upwards again. That's a mega three day move.

Gold Bugs are abuzz with rumours of a gold short squeeze & the transfer of gold from London vaults to Hong Kong and so on!
While its just to early to say if this is a just a coincidence; a new precious metals storage facility has just opened in Hong Kong.
Nothing has changed since my last write up on gold :
GOLD : LONG TERM CHART ANALYSIS on the 21st of July 2009.
This is quite a sudden break to the upside, so let's wait and see how GOLD ends this week!

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