Gold Correction Seems Over
Gold correction seems to be over and the spot price will be looking for a retest of 1,000 in the coming weeks.
As any other speculative asset we will have to see how it behaves at the previous high. Breaking above 1,000 will signal that higher prices are ahead. Failing to break above 1,000 will signal the beginning of a large flat correction with a channel between 1,000 and 700. However it is way to early to know for sure.
This article is part of the series "Documenting The Hyperinflationary Genesis"
- Bernanke’s creative solution: Let’s do it again
- At a financial crossroads
- How to survive hyperinflation
- Let the party begin. We will be dead tomorrow
- I have $ 100,000,000,000 and yet I can’t retire
- Is the Dow Jones at a new high?
- Stagflation: This Time It Is Different
- The Myth Of Gold as Inflation Hedge
- Is Gold a Hedge Against Excess Liquidity?
- Disposable Personal Income Shows Disturbing Historical Trend
- Things That Go Bump in the Night
- Greenspan: Give Homeowners Financial Aid: Financial News – Yahoo! Finance
- Black Swans, Bell Curves and Stagflation
- The Gold Scam
- And Now They Tell US
- Some Historical Perspective on the Current Recession
- Gold Correction Seems Over
- Gold Chatter
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March 29th, 2010 at 8:35 pm
I always feel temptation for gold. Most human being would do the same. A nice poist.
May 31st, 2010 at 12:17 am
hi, nice content to read… looking forward for new posts from you….