Quote

Aden Forecast "Gold's record high tells us that a double C rise is in the making."

ReportGold
Date05/14/2010
Loaded Date05/14/2010
TitleRipples Continue Through the Markets
Quote"Europe's debt crisis continues to shake the markets. Today's concern that it will trigger a break up in the euro pushed the euro down to its November 2008 lows, which was the low at the heat of the fallout from the financial meltdown. It also put pressure on all of the markets except gold, the dollar and bonds

Gold and the dollar are interesting because both have been rising together since February. The rise in both intensified last month as the Greek drama grew. But because gold is much stronger than the dollar, reaching a record high last Wednesday, this is saying that the dollar's strength is temporary because it's coming mainly from a weak euro. Gold, on the other hand, is clearly soaring in euro terms because the euro is super weak.

Gold's record high tells us that a double C rise is in the making. It's exceptionally strong above $1,175 and it could test the $1,300+ level before the current leg in the bull market is over. This rise reinforces the overall super bull market. . .it's clearly alive and very well. Keep your positions.

Gold shares are doing well. All of our recommended gold, silver, ETFs and shares are doing great. The XAU index rose to a six-month high this week and it's strong above 175.

Silver jumped above its December peak this week, reaching its March 2008 highs. Silver is starting to 'wake up' and follow gold. It's very strong above $18.40 and it would be super strong, in breakout mode, should it close and stay above $20.80, its March, 2008 high. Once this occurs silver could really take off.

Platinum and palladium have stopped rising, but they remain strong above $1,620 and $480, respectively. A close above the April highs will continue the ongoing strength."