Thursday, July 16, 2015

Wow, this is how you write a negative post about gold



Jojo - more downside potential in PM complex. Dayum, as of July 10th:

The HUI is in full blown breakdown mode and does not have strong support until the low 100s.



Ouch, eh? So, another 30% or so to drop.

Even worse!:

Turning to Gold, it appears ripe for a breakdown below $1150/oz in the days ahead. If that comes to pass, then the focus should be on its next strong support around $1000/oz to $1040/oz.

Dayum!

I'll take the other side of that $1040 wager, Jojo.

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