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Is The Moment of Truth Approaching?
by Ron Griess
Proprietor, The
Chart Store
www.thechartstore.com
March 29, 2004
Chart 1 Note: The first chart shows gold in U.S. dollars. The price has been in a well-defined uptrend since April of 2001. Many analysts suggest this has been due to the declining value of the U.S. Dollar.
Chart 2 Note: The second chart shows gold in Euros. The price has been in a broad trading range since the advent of the Euro. Gold in Euros is approaching the upper end of its trading range. Could Gold in Euros be setting the stage for a move to new highs?
© 2004 Ron Griess
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