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这里应该是过去两个半月金银惨烈跌幅的尾声, It will start to form the bottom which may go another couple months. i don't believe 115 will be the absolute bottom of gold - the steep drop mostly caused by margin calls i suspect. and on rebound, more seller will come out.
The movement of Gold tells me that the general believe is Fed QE will end as planned, or even sooner, which spells trouble for the big market. For the last few days market was running a fairly typical bear market rebound, The rocky July or may be August will see the bottom of the market.
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POSITION DISCLAIMER: LONG NUGT/UGLD, SHORT SPY |
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