futurespress's Commentaries

Gold selling off heading into end of 09′

by futurespress on Dec 15, 2009

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.

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Comment from Patrick777 on Dec 15, 2009
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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