Monday, March 25, 2013

Gold is giving a buy signal

Gold is very oversold and ready for a rally. On a year over year basis, gold has fallen more than 2 standard deviations, a rare event over the last 10 years. Usually following these extreme lows, gold has historically rallied.

Click on the image for larger picture. Source: Bloomberg

Geir Solem

Elliott Wave Technician
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