re: gold technicals $347's.. What are we expecting? The price of...

re: gold technicals $347's.. What are we expecting? The price of gold to travel up or down in a vertical line?
So far, all the drop in price has shown is a correction or retracement. Gold is still trending up and until that trend reverses i will hold.
If it shows a true reversal i will be out quick smart.
as far as GEORGENOW's comments re: gold getting smashed.
That is more than a little overstated!!
Gold has fallen approximately 5% from its recent "highest close". It is hardly what you call getting smashed.
We are all not in this so we can all say "i told you so",
however we are all clever enough to follow the trends until that trend reverses.

There certainly are some gold stocks out there 'out performing the gold index' and have been for some time.
Find them and if gold continues its run there will be good profits to be made.

Good luck to all.