Home » Bear Markets
Posted on 7 July 2012 | 1,697 views

Huge Price Declines Forecasted to Continue Before Gold Bull Market Ends

Investors continue to debate on whether gold is or isn’t a safe-haven asset and are trying to figure out if this is the end of the Gold Bull Market.

Precipitous drop-offs inĀ Gold Prices are actually a normal element of the larger bull run. It seems that the months of correction so far in 2012 are now coming to an end. When gold set a new all-time-high at $1,920 last year, it was traded three standard deviations above the 40-day line. Only twice before in the current bull market, i.e. in May 2006 and in March 2008, had gold been similarly overbought. Both times, significant corrections ensued.

Expect the continued support of gold in the foreseeable future because of the still fragile financial markets, the increasing skepticism with regard to uncovered paper currencies and the persistent government debt problems.

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Technorati
  • Mixx
  • Pinterest
  • Google Plus
  • Reddit
  • BlinkList
  • Blogger
  • Tumblr
  • Digg


Tags: , , , ,

Rate This Article!
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...

One Comment »

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

IMPORTANT! You need to solve the following simple math (so we know that you are a human) :-)

What is 10 + 14 ?
Please leave these two fields as-is:
CommentLuv badge