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Gold Bottom?

From theaureport.com

Enthusiastic gold investors everywhere are wondering…has gold finally bottomed? The short answer is… I think so. That's because, from a number of perspectives, that seems the most likely scenario. Right now, most of the evidence points in that direction. A dramatic rip higher from March to August last year caused gold to soar by 40% in just five months. It also allowed gold to establish a new nominal all-time record high at $2,070. Since then, gold's been retracing, giving up about half of those gains. Two major drivers led to this: sentiment and the dollar. At this point, however, it seems both factors may have run ... (full story)

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  • Category: Technical Analysis