BUY YRI.TO $10.78SOLD 1/2 BNK.TO $3.85
Gold moving up towards $1000 again, will it breakout here or will it fall again? Gold just broke out of a long term pennant pattern with very high volume traded today so we should see some good upside here in gold and silver. Many of the gold stocks are breaking out and this may be a good time for trading gold stocks. Historically, August-December has been a very good season for a gold trade because of India's big holiday season in December and worldwide demand for Christmas and late year holidays. Demand has been picking up lately and September is one of the best performing months for Gold. With further US$ weakness anticipated as well, I predict gold to soar with the threat of inflation and people buying gold as a good hedge and insurance against equity market weakness.
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