Doing this just for the record, to either prove or disprove my prognosticating skills. Wait for confimation before buying.
Gold fell as low as $607.30 today, from a high of $730 less than a month ago in May. Gold is still in an uptrend, that if it remains intact, should gain about $130/yr. In fact, the uptrend appears to be accellerating. Stay tuned.
This does not mean that Gold will shoot up like a rocket just yet. It will take it a while before the weak hands and the momo players try to get back in again for the next ride up.
If I am correct, Gold will stabilize here and GG should have bottomed. It got as low as 25.16 today.
