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Re: Gold

By: lkorrow in ROUND | Recommend this post (0)
Mon, 22 Aug 11 11:28 PM | 62 view(s)
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Msg. 34559 of 45644
(This msg. is a reply to 34545 by Decomposed)

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Worked its way back up, close to retesting its high...




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Gold
By: Decomposed
in ROUND
Mon, 22 Aug 11 3:40 PM
Msg. 34545 of 45644

Unless I missed something while away, gold hit a new high of about $1,895 this morning.

I expect the next wave of selling to kick in at $2,000. The best bet is that it will be a severe one, lasting up to six months and bringing gold down as much as 20 percent... to $1,600.

Only my opinion, and we all know what they say about opinions.

Gold's trend is alive and well.

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