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John Lounsbury
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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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John B Lounsbury CFP
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Global Economic Intersection
  • Gold: Watch $1,300 1 comment
    Jul 15, 2013 11:35 PM | about stocks: GLD

    An insightful graph today from the 5 Min. Forecast:

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Gold Stocks: GLD
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  • Moon Kil Woong
    , contributor
    Comments (11166) | Send Message
     
    Well it looks like the second dip will be the bottom from a chartist's perspective, but if the US has a significant pullback then gold may get hit again along with the market unless it is big enough to make the US currency itself look shaky (mass QE, Mass deficit spending, mass stimulus, and/or mass drops in tax revenue).
    16 Jul 2013, 11:08 PM Reply Like
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