Wednesday, April 17, 2013

We could see a major low in Gold soon

Im very happy gold we have finally a sell off that will lead to a major low. It could be 1400, 1300 or today. But I think the bull market in gold is not complete. I think the fundamentals of Gold are intact.

If we look at the records, Gold is now down 21% from the September 2011 highs. Apple is down 31% from last years highs. The S&P is up not even 1% from the peak in 2007. Over the same period of time, including the current correction Gold is up over 100%.