GOLD - projected path over next couple of mnths
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Ok, so the estimates were slightly off, we never got to 1685, we got to 1672, and we didnt rebound from 1560, we rebounded from around 1530, but if you take a close look at the two charts, you will see our view was very accurate. Not so bullish anymore after we fell below the 1560 level. I will be looking to short but not yet, as a break below 1500 is almost guaranteed in 2012.
Ok, so the estimates were slightly off, we never got to 1685, we got to 1672, and we didnt rebound from 1560, we rebounded from around 1530, but if you take a close look at the two charts, you will see our view was very accurate. Not so bullish anymore after we fell below the 1560 level. I will be looking to short but not yet, as a break below 1500 is almost guaranteed in 2012.
Labels: Gold
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