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Message Subject IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Poster Handle Anonymous Coward
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I gotta say...if gold goes above the last high I'm gonna seriously doubt we see new lows afterwards. Armstrongs timing is amazing but his price targets not so much. He was way off on the prices of the 2011 high. Timing was perfect.
 Quoting: Anonymous Coward 11973576


True that. At the same time I wonder where this momentum should come from to take us back up to $1300.

The weekly chart doesn't really look bullish to me right now: [link to finviz.com] See that recent huge (compared to its environment) bear hammer that had no follow-through whatsoever? It screams "breakdown" to me, but what do I know...
 
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