Yesterday we posted "Gold and Currency" which ended with this thought:
...Chartmeisters have a general rule "The longer the base, the bigger the move". I have to be careful here, I am predisposed to be short but I've gotta say, this chart is looking more and more like a pop to the upside.I followed-up with a comment at MarketBeat:
Comment by - November 20, 2008 at 1:37 pmA few minutes ago gold was trading at $790.90 up $42.20.
Sometimes you get lucky.