$GC_F Gold closes below a major support level

By April 14, 2013 Gold Futures No Comments

On Friday, April 12th 2013, gold dropped $114 to close at $1476.1 and thereby breaking a major support level of $1543.9.  Just a couple days earlier, Goldman Sachs, $GS, issued a letter to it’s clients to “short gold.”

In my very humble opinion, the bull run in gold is very far from over.

And would you be surprised to find out later that GS will be buying gold after so many are shaken out ?

If you have any questions, [email protected]

Thx,

Dave

Click here for prior chart

GC_F Gold target = 1400

Gold futures target = 1400

 

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