Speaking of Bottoms

Posted by Peter Grandich - Grandich.com

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Gold Chart

Gold has held above its 200-Day M.A. for three years (currently around $1,527). Thankfully, just about everybody hates it again and the bullish boat is just us kooks, bugs and tin-foil hat folks again. I think the downside risk is limited to the 200 Day M.A. while $2,000+ is not a question of if, but when?