Friday, November 22, 2013

Gold $1,200

Wycoff at Kitco News spells out the technical take on gold.

My take is that $1,200 could be in the offing considering the heightened propensity to sell in recent trading sessions, a risk that I highlighted in my last 'All That Glitters' piece. It is worth noting that despite the overall weakness in the gold equity complex, the gold equities tested and rejected the June 2013 lows. Now we have to see if that level holds.

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