Thursday, July 1, 2010

Gold In For A Dip?

In a Seeking Alpha article, Michael Michaud says to wait for a significant dip before buying gold. The nub of his analysis is his interpretation of the three recent record highs as a triple top, and divergences between three technical indiators' levels and the gold price itself. His target price for a buy-in is $1,050, which seems quite low.


Given how gold's dropped this morning, his article is certainly timed right.

1 comment:

  1. Bullion Exchanges is a trusted Bullion Seller established in the heart of New York City's Diamond District.

    They have a massive selection of products including but not limited to, metals that range from the popular gold & silver to platinum and palladium.

    They are offering a massive selection of products appealing to first time investors and for experienced collectors.

    ReplyDelete