My e-mail inbox is filling up with recommendations to buy gold or securitized gold in
the wake of gold's thrilling downturn since last Autumn. Since I receive precious few
missives from the Bugz, this is interesting.
I do have a caution and draw your attention to the stair case down for gold which started
last Oct. with gold at $1800 oz. Each step down since then has followed when a step was
put in following a rally which ended in resistance that could not be successfully breached.
As the chart shows, the latest step is set at $1300 resistance. The chart cries out for heavy
diligence here. Gold Price Chart
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