Thursday, May 04, 2006

 

Gold

From the market response, it seems that the gold market isn't as speculatively overbought as some the Press have suggested. I am still bullish on Gold in the long term. Yet, after it break new height, I am expecting a short term correction of scale up to 20%.

# posted by Lobo @ 8:16 AM
Comments:
The peak of Gold price reached 730, a 20% correction can set it back to 590.
# posted by Blogger Lobo : 4:16 AM
 
Strong correction occurred at May 15. It took the price from 720 back to 680 in a single day.
# posted by Blogger Lobo : 5:56 PM
 
10% - 657 reach on 20 May
15% - 620
20% - 590
# posted by Blogger Lobo : 5:42 PM
 
Gold fall to 545 on Jun 14, more than 25%.
# posted by Blogger Lobo : 2:28 AM
 
Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?