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futurespress's Commentaries

Dec 15 2009

Gold selling off heading into end of 09′

by futurespress
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Gold has sold off considerably in the last two weeks as the USD has strengthened against other major currencies.  Gold is now down $100 since it’s high of $1,226 as investors also take profit from the huge runnup this market had in just the passed three months alone.  Looks to be some consolidation around the $1,100 level as that is great support at that price.



Tags: energies
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On Dec 15, 2009 Patrick777 said:
Patrick777
Yes, it has sold off, but I have use the opportunity to rebuild my portfolio with gold & silver stocks. The precious metals are no longer in lock step with the USD. We don't know when it will begin to rise again and it could move very quickly. I recomend traders pick up shares now or purchase LEAPS in AUY, SSRI, EGO and the ETFs. Good trading, Patrick777

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