Looking for a Turn in Gold from $1140

- July 29th, 2010

Rickackerman.com reported on looking for a Turn in Gold from $1140:

Rickackerman.com reported on looking for a Turn in Gold from $1140:

Although we avoid chiseling such predictions in stone, we’ve advised cautious bottom-fishing near $1140, using a tight stop-loss of $2 or less. Our confidence is high that there will be a tradable bounce from the target, although a decisive breach would be the equivalent of the groundhog seeing his shadow – i.e., six more weeks (or so) of winter. Please note that we’ve identified a secondary target at 1155.00 that may have been fulfilled by yesterday’s 1156.90 low.

Click here to access the entire Editorial

Get the latest Gold Investing stock information

Leave a Reply