The Gold Price could soar after 1,000 is achieved..

Back in late 2005 I was fully invested in Gold and gold shares, just waiting to get my hands on a copy of Goldrush 21 after seeing Bill Murphy on ROB TV, now BNN in Canada. I started out as a technical trader and after listening to what Bill said, and doing some homework, I realized that gold should blow through 500 at a time when many said back then we wouldn't see 500 in our lifetime. As we approached 500 I never even once considered selling any gold or gold shares thinking that 500 was the profit taking time. I think @ $ 1,000 we will be in a similar situation.






1 Comments:
I agree as in late '05 I too bought the trendline break but I think you'll see that that same type of break is also possible today and not at $1,000. Draw similar long term trend lines and add one to last years highs and you'll see that we are breaking into the upper channel. Again.
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