Gold Market Update
GOLD - Breakout Confirmed!
17 November, 2004
With this afternoon's sharp move above $440 we can now be reasonably
sure that we are on our way. This is a sufficient margin above
$430 to confirm that the breakout is in all probability genuine.
Silver is close to breaking above its top channel line too, which
will be an important development.
Those Elliott wavers who were
bearish on gold can now go ahead and burn their chart folders.
Maund is an English technical analyst, holding a diploma from
the Society of Technical Analysts, Cambridge and living
in southern Bavaria, Germany.
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