It was all looking so rosy. The correction from $2063 which started last August seemed to have played out, a low had been put in at $1776 and recovery was well on the way as the yellow metal rose and rose again to over $1950. And then we hit a bump in the road and we’re back down to around $1830. Even ShareProphets’ favourite technical analyst was taken aback by the drop: I hate to say it, but it looks as though Jordan Roy-Byrne of TheDailyGold.com has finally got something wrong!
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.