Tuesday, August 30, 2011

Gold breaking through 1800 again up almost $40

Gold breaking through 1800 again up almost $40 on news that the FED neds more stimulus : Phil Streible, senior market strategist at MFGlobal, says that today's rally sparked by Chicago Fed President Evans isn't sustainable. Streible is bracing for a correction.As long as we maintain below the 1840 level you want to look at the short side if we break above 1840 that's the resistance I think we will go back up and we will retest the highs at least 1900 , so that's my line in the sand says Phil Streible .

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