No btc or ltc Real deal is PM It will go further south in a month time if it not recover soon. Projection imo 1300 + Let hopes it does go up. If not get ready.
I suspect we wont see an improvement in PMs until the focus shifts back to the debt ceiling. It got shifted from March 27th to May 19. http://www.nationaljournal.com/dome...-you-should-stay-calm-sort-of-20130410?page=1
Sticking around this price for now, basically just hoovering above the US$1,550 resistance level. Looks like it will be retested shortly. Last time we had that it tested the support a few times and shot up to US$1775. We are definitely at an important level right now. If resistance is broken, it could be going lower, but if it holds, it could be going higher. In the end we don't know what will happen, but it looks like we are approaching an important time where gold will either break down to new lows or bounce off and confirm this support level, which would make it a really strong support level. I am hoping for the later. I know a lot of people would like the price to drop, but I believe it is important the asset remains strong. The next month should be giving us an idea of what to expect unless it keeps trading sideways and bouncing off the support without Breaking upwards.
True true. Getting some Au a bit cheaper would be lovely but you are right, it needs to maintain its strength as an asset else it goes against the reason for stacking. Mine anyway. So it is time to ask the gut... :| what to do, what to do...
Well folks, I didn't expect the timing to be so correlated... It's broken the resistance so easily it's not even funny. God knows where we're headed now.
