Wednesday, August 10, 2011

STI vs GOLD



I was comparing the Gold chart vs STI and other world indices charts. Gold is trending up like a rocket. It hasn't lost any momentum yet, but it will reveal it's true colors very soon. I heard the news that a lot of people are loading up physical gold to "protect" themselves from inflation and the falling stock prices. Do you think this is the correct time? On another note, should STI continue to dip further, the major BIG support is at 2745-2754 and the last line of defense will be 2560-2569.

Ronald K