Tuesday, February 26, 2013

yep nice bounce today in gold, some some it's Because ...

yep nice bounce today in gold, some some it's Because of Bernanke - but again most of the time I've of the opinion that charts just play out and the news is only an excuse.


As I showed, the RSI was the most oversold in history on GLD last wednesday, so it was due for a bounce


also under this weekly wave count, gold needs a bounce as a wave (b), so maybe this bounce is that.  

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