It looks like gold is going back down to touch the channel it followed for the past two years, but I believe it will go back up soon and establish a new, steeper channel. It just went up too fast too soon, but it also has shown what it can do and what kind of profits the mining companies can achieve in this new higher gold environment.
Any doubt that gold will brake previous high has been obliterated and now, once we establish a new higher low, we'll back in the race for an even higher high.... Who know where... we'll have to wait and see, and hopefully make some profits along the way
Any doubt that gold will brake previous high has been obliterated and now, once we establish a new higher low, we'll back in the race for an even higher high.... Who know where... we'll have to wait and see, and hopefully make some profits along the way