Although, gold has taken a hit and is close to the weekly bearish number from Martin Armstrong (we shall see how close later), gold is still trading within the uptrend channel that began in 2008-2009.
Click here for chart of the day.
Long-term, groovygirl is still bullish on gold.
I checked out http://www.jsmineset.com today and one of the contributors attended the Utah Monetary Summit this past wek . Utah passed a legal tender act which allows one to use gold and silver coins as legal tender in Utah . Apparently alot of other states are looking at this type of legislation and considering it . The contributor wonders whether this could lead to a sort of constitutional crisis for our govt . Read the entire post , Most informative . 2012 I fear will be a stormy economic year nationally and globally .
Comment by dixiechick — September 30, 2011 @ 6:23 pm