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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026

Sunday, June 19, 2011

Gold: Waiting on a Correction

I am long term bullish on gold. Gold has broken out of it's base channel and I believe it will soon drop down to retest that channel before going to new all-time highs. This channel is drawn off the 1980 top.

I would love for Gold to fall back to the 1230 area before going fully invested into it. Right now we wait patiently for the pullback to occur. Until then I am not buying gold.


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