Big reversal bottom forming on the gold price. It could bounce quite aggresively from what looks like an expected gold/$ price of 1180 - 1200 in the next few weeks leading up to Chrismas (if we get this right). omo
I used to be a gold bull for many many years until 3 years ago. I actually retired from ANG, after 30 years service. Simon Brown changed my mind, and, apart from the odd obvious scalp, I do not touch gold anymore....The best buy in gold is, as Simon says, is when you sell your short.. Currently gold (GLD) or gold companies are not part of my long or short term portfolios...IMO.