Down, Down, and Down again. The Precious Metals Slide Re-starts.

From goldpriceforecast.com

As the concern with geopolitics peaked, so did gold price. Silver and mining follow. Are you prepared for the likely outcome? In my yesterday’s analysis, I wrote the following about gold: Gold made a few attempts to move above the all-important $2,000 level and the rising resistance lines, and it failed all of them. The strong short-term momentum is gone, just as the fear of the unknown regarding the situation on the Middle East. To clarify – the situation remains unclear and critical, but the fear / concern already peaked (based on Google Trends data). I previously wrote that gold was likely to peak up to two ... (full story)