This is a syndicated repost published with the permission of Gold Traders Almanac. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Gold dropped over $100 the week following a surge to its all time high price of $1,011 an ounce. The following week, CNBC parrots repeated several times a day that gold just suffered its largest one week drop ever. During the huge move to new highs, gold was infrequently commented upon. This reluctant sentiment was interesting to witness, however now some respectable technical analysts are giving a long term bearish view […]
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