POG progress 2005-1 trust

Gold set to rise - Major gold stocks are well up t

  1. 9,081 Posts.
    Gold looks to have completed a major stage of its consolidation phase after its run up to the $330 level.

    A pullback below $300 now seems unlikely now that $306/5 has held.

    Good rises in major gold producers today (AOR NCM LHG CRS) are often predictive of a strengthening gold price.

    US action against Iraq now seems pressingly imminent. It's not a question of "if" but "when".

    An escalating Middle Eastern crisis could well be the wild card that will trigger the next leg of the gold rally.

    Oil stocks too will be ones to watch.

    Cheers, X
 
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