Update on Gold: Sep 6, 2012

Gold continues to rise on expectations of quantitative easing — whether from the ECB or the Fed.  In our last update [see: August 22 Update on Gold] prices had reached our August 15 target of 1655 and had broken out of the descending triangle we’d identified.

Our target at the time was 1762, which is starting to look a little less far-fetched.  But, we’ve reached a level where we can expect a significant speed bump.



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