Reply #1: WrapUp by Ike Iossif [View All]

[ozymandius]

XAU Intermediate Term Analysis - Trading Strategy

In the last 12 months, our biggest and most profitable trades have been in gold stocks and XAU options (see client emails). We see no reason for that to change.

Between now and the end of the year, we strongly believe--assuming gold stocks remain in a long-term bull market--that the XAU will continue to provide the most rewarding trading opportunities. Here are our reasons why:

-charts-

Gold has been in a long-term up-trend for four years, and unless it closes below $400.00 for two consecutive weeks, there is no technical evidence to base upon any bearish view on gold, other than speculation based on intellectual arguments. For all means and purposes, as long as the trend remains positive, we will remain long-term bullish on gold, although short-term we are bearish.

more...

http://www.financialsense.com/Market/wrapup.htm