Wednesday, January 6, 2010

GOLD Bullish 5MA-10MA


GOLD- Continuous Contract Index is highly correlated with Mining Industry. Since, The Dow,S&P 500, and Nasdaq shown a mix technical analysis its much more conservative to wait for corrective MACD and RSI . So therefore, its prudent for me to gaze GOLD as our benchmark index since this is not highly correlate with the Major Indexes (DOW,S&P500 and Nasdaq).

I would give my rating to BUY Mining Industry like ( PX - PHILEX MINING CORPORATION or NI - NIHAO MINERAL RESOURCES )

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