From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Gold breaks to the downside

By Ben Turney | Thursday 29 May 2014


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.


Gold’s sudden collapse this week is going to have caught out a lot of bulls. Unfortunately I am on the wrong side of this trade, but thanks to my MIDAS analysis last week, I escaped with a minimal loss. The latest small plunge in gold is a real confidence sapper. Just when it looked like the yellow metal was gaining some traction, the bears swung back into action and now there are questions over the durability of this year’s rally. Thankfully, though, it’s not all bad news.


Filed under:


Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 16:10:04