Gold Under Selling Pressure Again

Posted on Posted in Daily Blog Post

20120912(2)

Gold prices slumped 2.7%, or nearly $37, on Thursday, as an analyst from GS said the gold price will drop below key chart level of 1350 accelerated selling today.

Market Watch: Gold was also under pressure from reduced expectations for a strike on Syria, as well as from investors betting on a tapering of stimulus measures at the Federal Open Market Committee meeting next week. GS is making use of this timely news to smash gold again.

Time is more important than price. Time is not quite there yet but I expect correction is near to completion. Watch out for the final show down when generational buy opportunity is going to take place!

Share This :
Facebooktwittergoogle_plusredditpinterestlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *