Quote

Aden Forecast "Gold shares are now stable if the XAU index can stay above 158."

ReportGold
Date02/18/2010
Loaded Date02/19/2010
TitleTrends Still in Place
Quote"The gold price is volatile. This past week's jump up reached a new high in euro terms and it could be the end of the 11-week decline. While gold is now firm back above its 15-week moving average at $1,110, the D decline is not out of the woods yet; it's too soon to say. If gold can stay above $1,110 and close above $1,150, then the D decline will clearly be over. On the other hand, if gold closes back below $1,110, and falls below the February low near $1,053, the D decline will have further to go and the major uptrend could then be tested. Gold shares are now stable if the XAU index can stay above 158.

The pressure is still down on silver by staying below $16.50. It tested the major trend and it's now bouncing up from that trend, while platinum and palladium remain strong. Both will remain very strong above $1,480 and $395, respectively.

Copper is also now looking better the longer it stays above $3.15."