Gold’s Bull Remains Intact in All Major Currencies
-- Posted Wednesday, 6 August 2008 | Digg This Article | Source: GoldSeek.com
I’ve been overwhelmed with worried emails as the price of gold has come off from the recent run to $990.My thoughts remain the same.We are on our way to passing the $1,000 mark forevermore in the very near future.I am not going to write much as the charts tell all.Below are charts of gold in all major currencies matched with the USD, with simple trend lines accentuating the strong, solid and still young bull market.There is nothing to worry about and my thoughts remain unshaken, take this gift and deploy more capital every time it is given to you.
As you can see the bull is in all major currencies meaning the economic problems the US faces is systemic.It’s nice to take a step back from the daily volatility and look at the big picture which still remains very positive.Rather than worry take a break, go for a swim, or look at the big picture.
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