We expect to see gold break dramatically upwards in the first quarter of 2007 challenging and beating previous highs.

The short-term chart of gold’s recent activity shows a ‘steadying’ in readiness for a move upwards.

This period of consolidation can also be seen on the chart showing gold’s recent activity over the past year.

The fundamentals remain in place for gold to go further. The US dollar will test the ‘80’ level fairly soon and when it falls through that level gold will sky rocket.

Use your money wisely and get into position while you can as most of these gold mining shares are going to experience dramatic moves and then the pressure is on those who have not already made an investment.

28 December 2006