These chart seems to tell us two main things. One. The trend is up over the long term. The moving average is clearly rising.
Two. In the near term, volume may be telling us that gold is going to consolidate. Volume has spiked following a sharp rise in gold and this is usually a sign traders are selling.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest
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