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Why you should be prepared for a gold price collapse
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Wednesday, January 26, 2011
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From OilPrice.com:

Last year's sure thing is rapidly turning into this year's sure loser. After bringing in a torrid 29% return in 2010, the barbarous relic has only managed a flaccid 7% loss so far this year, much to the distress of hedge funds and gold bugs alike.

The triple top on the charts that set up over the last three months could not be more clear. What is giving traders ulcers now is the prospect of a much more serious selloff in the yellow metal in coming weeks and months.

They are right to be worried. The shift out of hard assets and into...

Read full article...

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Topics: Gold | Trading_Ideas | Commodities
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