In my opinion, God has completed a major 5wave at$225 thereabouts....it's is currently mid way or a third of the way through a down cycle if not a downtrend.
Gold as it is has lose a lot of its shine since 2011 high at $225.
It will continue downward to about I suspect where the 4th wave begins and that is about $75-$80
It may have a bounce from here if not abit lower first then test key levels of $150,$165 and $195.
It may be a good time to manage the portfolio at those stages, maybe offload some to mitigate the risk.
No comments:
Post a Comment