Gold from Ipanema

thestreet.com reminded us about the perils of gold, the headlines flashed in the course of the day on Friday , June 8th 2007:

gold-tumbles-dollar-rallies-crude
gold-tumbles-over-2-dollar
Gold Slides as Dollar Climbs
gold-falls-sharply-pressured-dollar
gold-falls-stronger-dollar-higher

Simon Constable from thestreet.com, writer of those linked articles cite the gold stock technician, who states a topping formation has materialized for gold. JP Morgan is contradicting with indian weddings and golden pigs, speculating gold will touch $1000.

Our analysis is technically in sync with JP, finding significant uptrend probabilities within couple of months, consisting of patterns beyond the scope of technical analysis. For now, here's to JP Morgan's pursuit of that bright and lovely resource, enjoy the tune from ole blue eyes.