Michael's Market Comment Wed May 23

Money Talks May 19th

Speaking of Bottoms PDF Print E-mail
Written by Peter Grandich - Grandich.com   
Tuesday, 04 October 2011 06:29

GDXJ Monthly

Gold Chart


Gold has held above its 200-Day M.A. for three years (currently around $1,527). Thankfully, just about everybody hates it again and the bullish boat is just us kooks, bugs and tin-foil hat folks again. I think the downside risk is limited to the 200 Day M.A. while $2,000+ is not a question of if, but when?

 
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