Thursday, August 25, 2011

Good news for the serious type of gold longs: The Kitco indicator has just flashed the infallible "gold is bottoming" signal

In much the same way as we noted last Friday, August 19th in this post entitled "The classic and and infallible short-term gold top signal has just been triggered", you author has just gone over to the Kitco site and received the very same message as gold moves down:

Service Unavailable

 Was the reply received.

Yes indeed, the headless chicken money that moved into gold last week is now in its final exit stages. So let's just check that on the chart:

DYODD, dude.

UPDATE: Reader 'RB' sends in the following image, which is nicely meta. Thanks RB.