Gold Returns Above $1,800. Has It Bottomed Out?

From sunshineprofits.com

The price of gold returned to above $1,800. Is the correction over? As the chart below shows, the price of gold rebounded, jumping from $1,763 to $1,811 on Tuesday (December 1) and increased further on Wednesday. As a reminder, the price of gold corrected more than 6 percent in November and almost 15 percent from its peak in August. Now, the key question is whether the worst is behind the gold bulls. Well, it’s too early to declare it with certainty, but it’s possible. Or we are very close to the bottom – at least, if history is any guide. After all, in the past few years, gold used to reach the local bottom ... (full story)