Wednesday , 17 April 2024

Tag Archives: descending triangle pattern

Gold and Gold Stocks Going Even Lower! Here’s Why (+2K Views)

The Fed’s recent inference that QE3 was not imminent has caused physical gold and silver and the HUI and the XAU to breach their downside support lines. These transitions set up the distinct possibility that we could well see $1,500 gold and the HUI and XAU at 400 and 144, respectively! Let me outline my analyses of the current situation and how it might unfold. Words: 386

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