Friday, May 11, 2012

Gold Bulls Have Heavy Lifting to Do: Technically Speaking w/ Jim Wyckoff - May 11, 2012

http://www.youtube.com/v/mMdkldA-rmY?version=3&f=user_uploads&app=youtube_gdata

Increased volatility and price breaks are the concern of this week's Tech Speaking w/ Jim Wyckoff. In the past week, we've seen significant near-term chart damage, and despite a small amount of short covering seen recently, the gold bulls are shaken up, and have some heavy lifting to do. Wyckoff cites both the stronger U.S. Dollar index and the E.U. debt crisis as among the most bullish factors for gold

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