Is today
the big washout day? Anybody?
Or are we going deeper into PM hell.
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WE ARE
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* BAFFLED
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* BEST OF THE BEST
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* MIKE YEADON
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* FIRST A TRICKEL THEN A FLOOD
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PRE EXISTING T CELL IMMUNITY
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POSTING INFORMATION
Maybe! Stay tuned for my post on this topic.
Absolutely guaranteed Silverboom. More hell is coming. I show 1850 as the next low once this little bounce gets out of the way. The decline has not ended yet. Too early. We will see when we get to the next support if its going to hold or keep threatening to fall further but my expectations are pretty low right now. Gold, like crude oil has made an ominous break over the past two days. Which is not to say it won’t bounce back here and there but selling bounces should be the strategy until a real bottom is found. We are not there yet! LOL
Buy the dips.
I still think it is possible today will be the daily cycle low for gold. If we can make a higher high tomorrow, that will give us a swing low.
So, if you were going to go long, and you think today’s low will hold in the coming weeks, you should still wait for a swing low to form.