IKN

Trifles light as air

Chart of the day is….

…gold, futures, weekly candle back to August 2007.

(click to enlarge)

If you’ve noticed that gold has something of an issue about the U$1,000/oz line, then you’re not alone. Hey, I don’t wanna be a party pooper with this post…I for one am long the stuff more than any other stuff in the world, but let’s acknowledge that a little break above $1k/oz won’t impress many outside the wingnut brigade and moonshouters….the thing that will set the finance world on fire is if it breaks $1,000/oz, falls back, re-tests the line from above and doesn’t break it. When that happens every other advert on daytime teevee will be Cash4Gold.

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