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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold could correct lower than $1,600/ozt.

Posted on 14 December 2011

Gold is in the bump phase of a seven-year Bump-and-Run Reversal Top pattern which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture which could change the long-term trend of gold. Silver is already in the run phase which does not bode well for its future price. Let me explain.
According to Thomas Bulkowski, the Bump-and-Run Reversal Top pattern consists of three main phases:……………………………………….Full Article: Source


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