gollwoods

Global Precious Metals Correction: Healthy and Overdue

The gold price had advanced at an unsustainable rate, so lots of longs had a stop order in and when the trend broke the stops were filled causing much more rapid declines . I think there is a bounce comming which will be temporary as those who are nervous and latecomers to the rally will sell. so then a retreat to around $850 Oz. area. maybe then a more typical advance will start and we'll be back near $1000 by middle or end of may