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Friday, January 23, 2009

Gold at a major turning/accelaration point

Gold crossed 900 briefly. Now its been over 900 recently so nothing new there.
But this time it did it with a strong dollar.
In fact all the commodities seem to have followed Gold higher, Oil is higher .
Does gold keep chugging away or does it now pullback or even go down a lot? resistance is very near at 915 or so. It all depends on how GOLD does from here.
Meanwhile tech is performing good.
I got some BRCM calls, based on the chart and also the fact that the semi-conductor space seems to be doing good even after horrible earnings.

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