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

Gold looks vulnerable, may crash if prices fall below $1700: Denis Gartman

Posted on 02 November 2012

Gold looks really vulnerable and could be heading for a crash if it breaks the $1700 support level, according to Denis Gartman, Editor of Gartman Letter.
Many analysts are bullish on gold on wrong reasons, money supply (M1, M2) is expanding but a more crucial variable, the Adjusted Monetary Base of US Federal Reserve remains sideways for the past 14 months, he said………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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