Mover Mike

How about that! Someone has some nice things to say about Gold: The Street.com’s Mark manning in Technical Outlook: Charting Gold’s Direction likes Gold as a hedge against inflation, a falling USD and political uncertainties. Manning says of iShares COMEX Gold Trust (IAU)

If the price can break up above the $95 level, there’s a good chance that we could see a renewed uptrend take place. If that were to happen, I would certainly like to see much heavier volume on the breakout, and the institutional money stream at the bottom of the chart should lead the price higher.

IAU closed at exactly $95 today. up $1.66 on increased volume. (see chart)

Another view comes at the
Jim Sinclair’s MineSet website

Tags: Gold, Precious Metals //
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