The Crack From Behind (part 8)

May 28, 2006

Let’s take a look back at what happened to gold during the past week. The daily closes in U$ are:


23 May 673.70
24 May 637.50
25 May 648.50
26 May 651.00

(Unfortunately I don’t have Mon 22 May’s close close at hand, as it was a holiday in this neck of the woods.) One can see the recent bottom around 24 May quite clearly. That lowest close is U$ 92.50 from the recent top. Not bad at all in the predicted 70 — 100 U$ range! This pretty well covers the time period of 10 business days from the start of the crack. I’ll only return to this again if something worthwhile develops.

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