gold heading under $340.., page-15

re: gold heading under $340.. update The less than convincing thing about the call for gold to go higher is that the high in May did not reach the previous high of early Feb. Sure the 200 day moving average has held at the moment but the question is which of the two indicators is giving the correct signal?

If the price breaks below the 200 day MA sell gold stocks pretty darned quickly but for the moment holding would seem to be the strategy. I wouldn't be buying at this time.