Gold plunge

Discussion in 'Commodity Futures' started by intradaybill, Jan 27, 2011.

  1. Do you think its a correction or trend reversal?

    At $1310 at this time the market is hovering just above the 50% Fibo retracement from the Aug low to the Dec high at $1293.
  2. Larson

    Larson Guest

    It will need to break the pattern of higher lows (around 1150) for a trend change. I am betting the higher lows continue.
  3. You haven't been following the cheerleader in gold, Dr. Marc Faber? All a sudden his conviction is out the window and he is buying US treasuries.

    "correction in gold, maybe 20%" @11:15 in the video.


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  4. risky63