Gold was getting too parabolic and needed some sanity in pricing.
The long term trend line (from 2008) shows that gold can get down to around $1520 and still keep its uptrend intact.
I see a short-term rally in stocks and gold dropping back to its uptrend line as a probable scenario. Then its time to load up again for the next big surge.
Gold was getting too parabolic and needed some sanity in...
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