Gold Bull Market Is Back

The price of gold will keep rising, and it is not only due to inflation which might kick in at the end of the year or beginning of 2010. It is due to higher demand from China for gold, energy and other base metals. The printing presses are running at full speed to produce ever-increasing quantities of green backs as governments engineer the greatest asset price reflation in our history. The USD is heading south and the longer-term fundamental case for the shiny metal is arguably positive. As you can see by the chart below Gold is right at its resistance point. This week should give us a better picture as to where Gold is heading.

Trend Analysis For AUY, GSS, GLD, KGC, Heremagnifyingglass