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Another (200) Day, Another Dollar

-- expats
Forum Post
12/20/11 17:26
Gold Mine

Another (200) Day, Another Dollar

Thank author of this post/commentPeter Grandich wishes that he "had a dollar for every commentary about how gold is finished now that the 200-Day Moving Average has been broken to the downside ," using the above graph to remind that "Such a feat has occurred before in the ‘Mother' of all gold bull markets." Got Gold Report concurs, in pointing out that "the gold market has not respected the 200-DMA all that well since Day One . It has routinely made fools of those who mechanically trade via moving averages and so-called. .

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