The following is a short excerpt from our communique to our subscribers this week:
Gold has now re-tested the $1080/oz level and as we write remains below this level, but a technical bounce should not be ruled out given its oversold position.
If the support level of $1080.00/oz cannot be overcome then a sell-off could ensue taking us close to the $1000/oz level that has been our target for some time now.
Is the carnage over now? - some of the perma-gold bulls think so.....
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