Well they sure slammed gold today. One thing did happen the $xau did a .618 retracement so my AU should go back up to about $34 but it looks like the high may be in short term. I for one am not worried about gold prices its the long term survival of the US with all the spending going on.
.618 Retracement
Started by
Guest_dropitby_*
, Apr 28 2004 05:21 PM
1 reply to this topic
#1
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Posted 28 April 2004 - 05:21 PM
Well they sure slammed gold today. One thing did happen the $xau did a .618 retracement so my AU should go back up to about $34 but it looks like the high may be in short term. I for one am not worried about gold prices its the long term survival of the US with all the spending going on.
#2
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Posted 05 May 2004 - 07:49 AM
Well the .618 thing works well and I didn,t have to wait long for my AU to go to $34. Will it go higher I can't say but my target was met. For you who want more remember the volume was lite on that stock today so real conviction may not be there. dropitby
