Chris Lau - Seeking Alpha

Tuesday, November 25, 2008

Bullish on Gold

The US Dollar is showing signs of fatigue and is beginning to roll over. This is a bullish signal for gold. Goldcorp, for example rallied by over 70% in the last 3 weeks.

Barrick Gold: reached the magic 38.2% Fibonacci line before retreating. If the stock is able to rally past this, it will act as a support @ $36.70.

The US Dollar may correct by up to 10%:

Don Vialoux Video on Gold @ ~ 7 min :