GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Friday, September 16, 2011

David Morgan : we may see some softness in Gold before we see strength

David Morgan : we broke out of a traditional triangle pattern , I get emails saying that technical analysis does not work , first of all technical analysis dopes work some of the time , it is a tool but it is helpful , and we broke through the bottom side of this symmetrical triangle which normally is bearish for gold and as I said few weeks ago there is gap at the 1670 level I am not rolling that out longer term , I still believe that we are still going to see a a bit of a tough sliding for gold


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