Gold Analysis April 08 2009
GOLD [CASH] is currently 2.5% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.
GOLD [CASH] is currently 2.5% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.
The federal reserve is HOLDING Gold at $900.00 per ounce. That is their target.
$900.00 per ounce target price.
They hold the Gold Price by increasing or decreasing the lending of money, very easy to do. Thus Gold is held at ther $900.00 target level.