TSX:LSG.DB - Post by User
Comment by
LexMark747on Dec 31, 2013 1:40pm
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Post# 22049247
RE:Nice turnaround on gold this a.m.
RE:Nice turnaround on gold this a.m. Here is were we are at in relation to the Price Of Gold ( POG ). The chart below show's that gold has double bottomed. Usually a double bottom at the bottom of a major decline can often be and often is a reversal. This double bottom has to be confirmed. By Feb 1st, 2014 we will know wether or not it is a reversal.
I'm still in the camp that it's very possible to see gold go to $1,050 or there abouts.
Regardless, i do believe that we have bottomed now and if not we will in the foreseable future. If gold does go to $1,050 i would also expect to see a double bottom there also.
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