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PRUDENT OBSERVER

Global Macro Commentary

Tuesday, April 15, 2008

Gold short term bullish

The price of gold is poised to test the upper boundary of its recent one-month consolidation (triangular formation). Crude oil continues to rally into unchartered price levels, providing fuel to the Euro and precious metals. Short term target for gold is $960/oz.

Posted by Warren at 2:24 AM

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      • Dollar rebound and gold correction
      • T. Boone Pickens style...
      • $950 before $900?
      • Gold might surprise everyone: reversal?
      • Wheat technicals
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      • Earnings uncertainty: buy Yen protection
      • Short silver at target ($18.750/oz)
      • What volatility?
      • Euro and gold: imminent technical breakout
      • Good point to buy YAMANA
      • Gold short term bullish
      • Reflation picking up...
      • Gold and silver look very bullish
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