Friday, April 20, 2012

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.


 

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