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S W
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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

It will not surprise me to see gold hit $725 now that I have just had a quick glance at a monthly chart.

Disclaimer.
Currently long physical gold, shares in 2 mining companies (very recently) and short gold in the CFD arena.

I will not swap my gold for dollars, nor will I throw gold or paper dollars into the sea.

Commenté il y a 3796 jours

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Début de l'article :After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart can certainly seem to confirm this impression. Gold's price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall selloff. Many technical analysts are saying that the "damage" on the charts is too great for gold to recover. The rout is so bad, even hardened goldbugs have grown quie... Lire la suite

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