Tuesday, May 18, 2010

Safe Haven (2010-05-17 Gold analysis)

HSI plunged by 2.14% again today and DJI is dropping 1.35% currently. Hoping to find something good to invest on? Here might be a good choice!



This gold safe haven might be a heat among investors as everyone is seeking somewhere safe to put their money in. I have drawn a fibonacci projections to predict the next high, which should be at between 1271 and 1300.

Equity markets are almost confirmed to be in bearish. My suggestion is: Sell most of your long positions and run into Gold.

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