Gold update, have we hit a bottom?
Posted on June 14, 2006 , filed under Stocks | Print This Post
Yesterday I predicted that gold’s bottom in the current correction would be $540-$550. I never anticipated the drop to be so aggressive. Gold is currently trading at $550.80. I am planning to take a large position in gold mining shares by depositing additional funds into my Raw Greed trading account. I think getting into gold is both for investment and for safety reasons. Let’s see if gold can maintain $550 levels.
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