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Gold Falls from Highs


Gold has fallen off significantly from its highs. In my last eView commentary, I thought the market would bounce off the 880 level-as we have seen the market has dropped to the 850 level before rebounding up slightly. Gold is now down for Wednesday, and I believe the market will sell off to about 860-855 before we see another bounce to the upside. Look for a potential buy in the 860-855 area, with about a $30-$50 upswing.

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