Wednesday, October 12, 2005
Oct 12, 2005 Gold's Looking Good Aden Sisters 321gold . . . Inc
Mary Anne & Pamela AdenThe Aden SistersOctober 13, 2005Courtesy of www.adenforecast.com
It's been an exciting month.
Gold took off, hitting a 17 year new bull market high and this is strong bullish action.
The rise in gold was reinforced by the gold shares, with the XAU index reaching an eight year high. The other metals and commodities joined the bandwagon with copper, platinum and the CRB commodity index hitting new record or near record highs.
Also important, gold soared while the dollar rose. This means gold is now rising on its own. This was reinforced by gold breaking out to multi-year highs against most of the other currencies as well (see Chart 1). Over the years we've been saying that when gold rises against all paper currencies, you'll know the bull market is real because it's not just a currency reaction. And this is now happening. Click on this link to read the complete article and charts...
More WebGold Silver and Precious metals News
It's been an exciting month.
Gold took off, hitting a 17 year new bull market high and this is strong bullish action.
The rise in gold was reinforced by the gold shares, with the XAU index reaching an eight year high. The other metals and commodities joined the bandwagon with copper, platinum and the CRB commodity index hitting new record or near record highs.
Also important, gold soared while the dollar rose. This means gold is now rising on its own. This was reinforced by gold breaking out to multi-year highs against most of the other currencies as well (see Chart 1). Over the years we've been saying that when gold rises against all paper currencies, you'll know the bull market is real because it's not just a currency reaction. And this is now happening. Click on this link to read the complete article and charts...
More WebGold Silver and Precious metals News
