KeyNote Friday - Gold clears 900

Saturday, January 24, 2009 | posted by RedApple
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A few key points about this week that I would like to recap on:

1. Gold finally broke a big resistance and clear the 885 resistance and closed just around 900usd:

2. Gold against Euro is extremely bullish

3. Gold against 10y is working against the resistance of the down channel. We look for clear break of this down channel to support our trade recommendation.

4. Finally, the US Mint released the Ultra High Relief Gold Coins this week. It is priced at $1189 with backordered to 2/6/2009. Unofrtunately it is limited to one per household. (Link to US Mint)