THIS IS WHAT WE CALL A LOW RISK BUYING OPPORTUNITY
AUSSIE GOLD RIGHT ON A MAJOR WEEKLY SUPPORT AREA
Our 80 week moving average (thin red line) has been a great place to buy Aussie Gold for the past 9 years now as we have had a number of large rallies only to fall back down to this support line and rebuild again.
Surely this tells you something and the key to making money in any investment is to buy cheap and sell high, right now Gold is cheap again...
Our current investment climate along with ballooning Government debt levels is only going to add to the size of Gold next explosive move.
Using history as a guide – After Gold touches this moving average 2 times it then completes a 50% price rise before it finishes its climb..
As for timing this next explosive move we will leave that for the prophets, all I can say is based on historical evidence it is going to be another “GOLDEN CHRISTMAS” for gold investors..
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