Capital Gold Group Report: Long Term Technical Indicators Remain Bullish for Gold - Yamada Technical Research Advisors

COULD THIS BE YOUR ENTRY POINT?



In an interview on CNBC on August 18, 2008, Louise Yamada of Louise Yamada Technical Research Advisors stated that technical indicators for gold remain bullish.  She also advised investors to accumulate gold in the downdrafts once it has stabilized.  

Getting Technical

“Longer term, we are still [bullish on gold]. One of the things that have happened is that gold broke its support—its 8-month support—at $850. So the possibility of pulling back to the uptrend at around $760 still exists. We have to remember that it’s been 2 years since we had the major corrective pullback, which was also about 25 percent in 2006. So this is all part of the normal consolidation corrective cyclical bear market that occurs within an ongoing bull market environment.”

--Louise Yamada, Managing Director, Louise Yamada Technical Research Advisors

Watch the video at:  http://www.cnbc.com/id/26273937/site/14081545

Capital Gold Group, gold group, gold, gold prices, gold news, gold coins, gold bullion, gold IRA, IRA gold