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XMFSinchiruna (27.49)

The Untold Story Behind This Golden Breakout

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September 04, 2009 – Comments (4)

This is what CNBC and all the other financial talking heads would have offered as context for the recent breakout in precious metals if they had even an inkling of fundamental insight into this market. Instead, they were at a complete loss for words. The best was when Dennis Kneale said to a guest something along the lines of (paraprhasing): "but I thought gold was a panic trade".

Recent fundamental developments from Asia are the untold story behind this golden breakout.

It continues to be a ferocious breakout.

I called it from a technical perspective before Wednesday's move.

Stay tuned for additional Foolish coverage, and please strike up a discussion. I'll be out enjoying my weekend, and hope you will be too!

Sinch

 

 

4 Comments – Post Your Own

#1) On September 04, 2009 at 5:37 PM, GenSkill (< 20) wrote:

What is your latest forecast on how far it will go?  I still find $2500 hard to swallow.

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#2) On September 04, 2009 at 5:39 PM, GenSkill (< 20) wrote:

NM, didn't realize your call on it that you link was that recent.

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#3) On September 04, 2009 at 5:56 PM, GeneralDemon (< 20) wrote:

Great article Chris - very, very convincing - It seems like such a slam dunk (that gives me a little pause though).

I was wondering your thoughts on consolidation - looks like we're getting ripe - by the way what do you think caused IAG to outpace all other miners lately? 

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#4) On September 08, 2009 at 12:34 PM, InflationSilver (99.95) wrote:

Gold does not give you the same protection against vampires as silver...

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