Presented by Gareth Soloway June 27, 2013 12:52PM
Gold and silver are inching higher today after a major decline over the last week. The fact that the bounce is so small, tells intelligent investors more downside is likely. The SPDR Gold Trust (NYSEARCA:GLD) is trading at $118.54, +0.26 (0.22%). In the last week, the GLD has fallen from $133.00 to $118.00. Seeing this meager bounce is a warning sign for traders looking for an entry in this range.
Where will it drop to? The level is at $113.00. Once here, expect a near term strong bounce before it heads to its final low of $100.00.
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Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Where will it drop to? The level is at $113.00. Once here, expect a near term strong bounce before it heads to its final low of $100.00.
Take the free trial to the Research Center. Get tons of swing trade alerts, live trading analysis, videos and market reports. Become the best in the world with the help of proprietary techniques just being discovered by the investing public. Start today and profit for life.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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