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More votes on a correction

Posted By Philinje On 04/08/2010 @ 06:23 am In Gold | No Comments

Here are a couple interesting articles that talk about a coming correction in gold but within the context that prices should take off from there:

[1] http://www.gold-eagle.com/editorials_08/goldrunner080210.html

[2] http://www.investorplace.com/news-opinion/fear-coming-correction-gold.html

A correction beyond what we’ve just seen may not happen, of course. And then there is the ongoing voice of caution from Ron Rosen talking about a major C leg down that will go into early next year (modified from this July originally). Most savvy commentators are talking about a big move up into early next year. One of these analysts sees trouble for a parabolic top early next year if gold lingers below $1180.

The middle path among all these voices seems to be a moderate decline toward end of August then a pretty spectacular move up into early next year - maybe not the big blow-off top but a good move nonetheless. Be cautious with mining stocks no matter what.


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URL to article: http://blog.fintelligence.net/2010/08/04/more-votes-on-a-correction/

URLs in this post:
[1] http://www.gold-eagle.com/editorials_08/goldrunner080210.html: http://www.gold-eagle.com/editorials_08/goldrunner080210.html
[2] http://www.investorplace.com/news-opinion/fear-coming-correction-gold.html: http://www.investorplace.com/news-opinion/fear-coming-correction-gold.html

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