The late November rally in gold prices wasn’t quite as spectacular as mid-September’s gain, but it was still impressive. There was good follow-through too, though the momentum softened as bulls knocked on resistance near $850. The rally was a no-brainer. There is a strong line of support at $700, which was resistance during 2006 and the first half of 2007. Moreover, the market was, and is, oversold…
December 5th, 2008 | Ed Bugos | 1 comment | Continued
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All Ordinaries 4318.900 -40.500
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Gold Sep 11 0.00 0.00
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