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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold price trend forecast into the end of 2013

Posted on 08 October 2013

The reason for posting a new Gold Market update at this juncture is that we appear to be at an optimum ‘buy spot’, for gold, silver and Precious Metals ETFs and stocks, as both gold and silver have dropped back in recent weeks to mark out the Right Shoulder low of what is believed to be a large Head-and-Shoulders bottom.
After posting the 1-year chart for gold shown below on clivemaund.com a couple of days ago, a subscriber wrote and protested, saying how could I recommend buying the sector when it hasn’t even completed the H&S pattern, which could abort, and that it would be far better to wait for a breakout, and then buy on a post breakout pullback. There are 2 points I would like to make about this………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36658 posts on Opalesque Commodities Briefing.


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