Tuesday, January 25, 2011

Gold Break Continues

Gold is down double digits, again, today. Over the last 30 days, gold is down approximately $60 or 4.3%.

None of this should come as a surprise to EPJ readers. We have been featuring technical analyst Abigail Doolittle, who first spotted some negative chart activity in late December and turned completely bearish in mid-January.

That said, this looks simply like a correction in a very powerful bull market.

1 comment:

  1. How can you subscribe to praxeology and chart analysis at the same time? To me this seems like subscribing to chemistry while also subscribing to alchemy.