For an asset that doesn't do anything - sitting there like a lump on a log, not paying risk premiums and really just remaining stable while the casino burns all around it, gold sure does stir up some anxiety among some of its supposed true believers. Why is that?As you know, one of our potential targets is around 650. But the word 'potential' is what it is because it means something. It means, well, potential. More likely however is that the 850 area of weekly EMA 75 (monthly EMA 18) will hold. The difference would probably mean I would need to back off on my gold miner stance, but again, where is 650 Jerry... show me 650!!
Okay, you can go back to sleep now old lumpy. Sorry for the interruption.
