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  • ***** update ****** for trading results 8/5/11 0 comments
    Aug 6, 2011 8:49 PM

    ****************** update **************************

    Gold has been up 124 months in a row according to kitco's Frank Holmes.

    This has been bothering me since I wrote it.  It didn't seem to add up from what I remembered and so i went back and took another look.  here is the link and the sentence.

    "Gold has now increased for 124 months straight, says Deutsche Bank."

    I am only looking at the GLD chart and going off my memory but I am going to say that is flat out wrong.

    I remember the first push back from $1K and before that at $600 when I last bought.

    Regardless,  I believe gold is extended and due to pull back.

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