I am buying again!

Gold was showing a definite head and shoulders top as indicated on the following graph by the red horizontal lines. This is a negative technical signal. However, for the past two days, we can see some improvement. Perhaps, gold is breaking out now. It could trade in a rather narrow range for a time as it consolidates for another run at the recent highs. Currently, gold is 939.50 on an up tick. This is intraday, but well above the 50 day moving average.

Meanwhile the US Dollar has posted a double top as indicated, below, by the horizontal purple line. That, too, is a negative technical indicator. The BRIC nations have made agreements to trade with each other in their respective currencies which moves them farther from the dollar. That, too, is very negative for the dollar. These are small steps away, but they are AWAY from the dollar. Of course, the big competitor for the dollar is the EURO. Both the dollar and the Euro have been chasing each other for some time now. Longer term the dollar is way down and the Euro is way up.The race goes on. I believe we are in the time during which the dollar is being slowly dumped across the globe. Were this to escalate, the dollar would drop like a punchtured baloon.

Here are our miners, most of which are in buying ranges >> DROOY 8.29; HL 2.55; HMY 10.52; SLW 8.66, and VGZ 1.82. I bought HL @ 2.56 & VGZ @ 1.76. That is great for me. You should consider small purchases if you decide to buy now. Remember prices can go lower, but some day, maybe soon, they will jump upward again.

Pray about your decision, commit them to the Lord, act upon them, and trust Him for the results.

Best to each, Doug