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$1,200/oz – Gold’s last stand

By Ben Turney | Thursday 27 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Just over a month ago I suggested that gold was attempting to complete a double bottom.  At the time I warned;

“If the developing double bottom pattern proves false and the price of gold fails to rise from here, then strap in because there is nothing but fresh air underneath. Gold could easily shed another $150/oz.”

And so it’s come to pass.


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