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Gold Is Just Looking Terrible

Written by

Serkadis

in

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Gold was holding on nicely last week in the face of the IMF and Bernanke’s semi-tightening, but it’s giving that up, and now it just looks terrible.

Next stop: 1100.

chart

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See Also:

  • Want A Non-Productive ‘Hard Asset’ With Psychological Value That Beats Gold? Buy Collectibles And Art
  • Gold Begins To Wilt, Heading Back Towards Crucial $1110 Battle Line
  • Gold Survives Body Blows From IMF And Bernanke And Is Now Above $1120

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