Tag Archives: gold correction

We often take things far too seriously when looking at the world of high finance, the global economy and the ins and outs of investing. Lighten up and relax. See the world for what it really is through the eyes (and words) of some individuals who can do just that.

Gold sold off hard on the news that a moderate won the first round of elections in France. Good, because if gold breaks support and goes down to test its uptrend THAT would be a heck of a buying opportunity.

The 2016 bull market in gold and gold stocks had gone off course, moving too far out of its historical boundaries to remain a bull market. It has broken bull market support ($1200-$1210 and $1230) and could be on its way to $1050 in the next few months.

Despite all the bullishness about gold and silver and the mining industry, I’ve maintained for quite some time the view that this first leg up will be dramatically retraced with a crash heading into October.

There are two things we know for certain about gold and silver: 1. fundamentals do not apply currently, and 2. there are no signs to indicate an end to this half-decade old bear market.

When it comes to market sentiment, gold is at the bottom of the barrel as almost everyone is predicting a complete collapse in the gold price and is falling all over each other to predict the new and lowest price for gold. Why is that so? What does it all mean? Read on!

Our analysis reveals a bearish outlook for gold over the next 3 months based on the following fundamental and technical factors:

Gold is universally recognized as a safe-haven investment, a go-to asset class when others look uncertain but this week has been a particularly rocky one for the metal, even with Greece and Puerto Rico’s debt dilemmas, not to mention the recent Shanghai stock market decline. In fact, gold has traded down for 10 straight sessions to end the week at its lowest point in more than 5 years.

As an investment, gold is not for the faint of heart. You can make or lose a fortune, depending on your entry and exit points so, that being the case, is now a good time to buy gold?

"Told you so!" I'm sure that is what the analysts who have projected such a dramatic decline are saying with the recent major correction in the prices of gold and silver. Read why they have come to their conclusions in this catch-all article.