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Home » Precious Metals » Very bearish gold chart

Gold Silver Platinum etc...
10/17/2008 12:13:21 PM

oldnbroke
oldnbroke
Posts: 0 		[img:a595931c57]http://img407.imageshack.us/img407/4741/14808713tj6.th.png[/img:a595931c57]
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Massive head and shoulders
Tested head and failed
Just broke down from an M&A foration
Everything else is down, gold in the 500's wouldn't surprise me
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10/19/2008 8:14:38 PM

VS
VS
Posts: 0 		My own analysis takes me to 650 level in GOLD. It certainly looks very bearish and important thing is that in the precious metal area (PLAT/PALL/GOLD/SLVR) Gold is the sole sentry holding out the bear raiders! I have started taking pair trades as to buy PLAT/sell GOLD or Buy SLVR/Sell GOLD in a view that GOLD has a lot more down side compared to others. Also interesting opportunities in the options which can create good rewards in case of downturn in gold without risking too much capital.
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1/7/2010 5:50:25 PM



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