Gold
$1,810.00
+7.00
Silver
$19.55
+0.11
Platinum
$838.00
-9.00
Palladium
$1,989.00
-10.00
800-444-8317
800-444-8317
Explore Monex
Why Buy Now
May 29, 2008

Is now an opportune time to position into gold?

Why Buy Now

"I am staying with the position that the price of gold established its LOW in this reaction period on April 28th.

We are entering into an area of major support as gold trades below the $887.50 Angel. That Angel will demonstrate its magnetic influence by pulling gold to the upside.

A worst case scenario bottom on this second decline will be within a range of $18 to $22 under that Angel. A more likely scenario is $10 to $14 under.

In terms of a timeframe to establish the absolute low, which will be a huge Bear Trap, is a few days at the most.

After this absolute low has been established, the $1200 magnet will start pulling on the price of gold once again."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

See What Investors are Saying About Monex

Thank You!
Want your kit sooner?
Faster delivery is available by phone.
800-444-8317
Get Your Free Report

A New Decade for
Precious Metals Investing

  • All form fields are required

  • Privacy Policy
  • This field is for validation purposes and should be left unchanged.
Download Your Report