Tuesday, February 20, 2007

Big correction coming for gold?

Is today's $10+ drop the start of something significant, or a minor hiccup?

Some discussion here about a ten-year overlay chart that shows parallels between the 1970s run up and the current run up. If the gold train does follow the same tracks, a correction to $500 could be in the cards. That's the bad news, the good news is that a rocket ride up to $2000 would follow.

I shy away from predictions. I follow the price and fundamentals and look for low risk entry points.

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