Pinnacle Activity Ticker
Will Gold Prices Fall After 3 Months of Losses?
Pinnacle Digest writes: April 2012 marks the first time in over a decade that gold has fell for 3 months in succession. In this article, written by Adrian Ash, the likelihood of a further collapse in gold’s value is examined.
He recalls the most recent two month drops in gold and how they signaled a very bullish buy signal. January 2010 marked a two month drop in gold’s value, but that was the last time investors were able to buy the precious metal for $1100 or below. He goes on to note that the same situation developed in April of 2009. That was the last time investors had the chance to buy the precious metal at $900 or below.
It is a very rare occurrence for gold prices to fall three consecutive months - especially in the midst of its decade long bull run (when it has been the best performing asset-class in the world).
Adrian Ash explains just what this means for the gold market and whether now is a good time to pick up some gold on the cheap.
Click here to read article.