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Friday, December 27, 2013

Gold chart update



We have been keeping a closer eye on gold lately as gold has been hammered pretty badly in 2013 which is pretty obvious. The thing is you zoom back on gold, and you can see that longer term the damage is not only tiny, but insignificant. I think it would be even safe to say that if gold came down some more that would be ok, even to the 1100 area there is still no reason to panic. But from there, if there was a bounce, it might be pretty big bounce coming, if you look back on this chart.



gold chart update

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