Could have been a result of machine buying. Speculators who don't want to get caught out with a short position over the weekend when gold is above 345. Especially as the long-term upward trend is unbroken ( http://www.u2networks.com/markets/ ) and Hongkong, which opens before London and New York has been playing some nasty tricks on American traders in the past few weeks.
That said, short and interim trends are still pointing down and the only positive aspect is really that the 340 range seems to be the bottom for now. For the sake of the gold bugs, could anyone sizeable invade a neighbouring country, please? Just kidding. But on mere graphical analysis alone we are in a market that could go either way for any number of reasons - which is why it appears to be stuck in a somewhat narrow trading range for now - but which needs to go up rather hastily to stay within the long-term up-ternd. Just my 2 shilling and halfpence. Cheers, Robert. budget & privacy website hosting http://www.cyberica.net budget & privacy domain registrations + mail http://www.u2planet.com/cfdomaintrust.html --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
