As of my previous writing "The Lag between cause and effect I noted
that Gold had broke out as of the monthly close of December 31, 2008. Today
the weekly close has violated the downtrend tops line, this puts us in
position to retest the $1,000.00 plus previous top. Noting the length of
this consolidated down flag formation and the fundamentals, if gold exceeds
the previous high, the pent up demand should send gold up to the
$1,250.00 range.
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