Thursday, April 24, 2014
Well, gold is boned
Gold just did this:
Which is unfortunate because keeping above $1280 was kinda important for the chart:
That's broken support, boys!
It'll be interesting to see how the gold miners do today - will they break support as well? Or will people assume gold is just going down to $1260 or so? There seems to have been a lot of past volume at that price.
And -ahem- how will Goldman Sachs' new gold miner buy recommendations perform today?