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"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Tuesday, February 21, 2012
A ton of risk has come out of Gold-Euro as well...
MACD has not yet triggered, but we can say that the time for Europeans to be getting bearish gold has long since passed with the unbridled momentum of last summer. This is an old chart I found showing the Cup & Handle we were managing a couple years ago in those halcyon days before the Euro crisis became front page news.