I've been predicting it for awhile, and we finally did it... Gold has broken its 200 day moving average. This is a great development for the bulls and a very healthy outcome for the Gold's secular bull market. On top of that, bears are back, especially when we look at Roubini's tweet yesterday:
“Gold at a 7 weeks low down to 1635. Where is 2000 gold dear gold bugs?”
One more bear for your reference
ReplyDeletehttp://www.bloomberg.com/news/2011-12-13/death-of-gold-bull-market-seen-by-gartman.html
Seemingly,we are close to entry point.
I heard someone say on CNBC last night that Gold will now enter a multi year bear market because the bubble has popped! I couldn't stop laughing.
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