Tuesday, September 02, 2008

GGP Update

Recent downward action is similar to 2006 action , this time the pressure in the markets is probably more severe but there are lots of price action similarities, just do the calculations. Honestly, I do think that gold can go lower in the short to medium term if market pressure continue but over the longer term I do think that much higher rates might be coming.

Thats all for now.

gold chart

7 comments:

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