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| GOLD Daily Chart: 01/20/12 |
"Gold now sits at the junction of many ‘way’ points. The fast converging 50/200day SMA’s shall garner attention once we know which way they are heading, by the looks of it a ‘negative’ cross, no?"
"Gold has managed to rally amid the EURO currency sell-off
(USD rally) and now the relief rally in same (EUR), and still Gold rallies.
Interestingly the EURCHF cross-rate has fallen back to just a safe distance
(1.2080) above the Swiss National Bank’s ‘line in the sand’ @ 1.2000.
So perhaps Gold is not alone in telling us something about
the state of affairs regarding the single-currency and its expected
‘half-life’?"
