US$1450 Gold Soon

Looking at gold it would appear that the forty dollar pull back in the US Tuesday night has seen a forth wave complete. Its possible that the bottom of this wave was reached at US$1335 and that now a fifth wave up has commenced with a target of US$1450.

Australian gold stocks recovered somewhat today OGC is a stock that disappoints. ROL still in a trading halt, hopefully tomorrows announcement will coincide with an overnight lift in the gold price. No trades conducted today, it was a bit of a day off may have missed an opportunity to buy low guess someone has to have a life sometimes.