Gold continues to recover lost ground but at a very cautious sometimes boring and mildly volatile days. Last closed on Friday October 14 at 1679. Daily chart looks like it could be poised to make some major upward movement after another small correction.
Slow, cautious but steady upward climb. Corrections are frequent. Volatility has diminished. Click here to see the chart.
Below is a Monthly Chart. Each bar or candle (red or green) is equivalent to a full month. This chart shows a 10-year plus consistent rally of Gold. There are tons of opinions out there as to where Gold is headed long term.
I like the positive opinions of higher prices for Gold. It is not wishful thinking. There is no safer haven better than Gold. Not the USDollar. Not the Long Term Treasuries.
Click to see the most beautiful chart of all even with the September 2011 correction. It still looks 'pretty'.
See below how the US Dollar is not up to the challenge:
Click here to see the USDollar performance.
Joe Joson
USA
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