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'Is Gold as Low as It'll Go?' expats


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Is Gold as Low as It'll Go?

-- expats
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12/14/11 18:18
Gold Mine

Is Gold as Low as It'll Go?

Thank author of this post/commentWith Comex gold closing below $1,600 , its lowest level in five months, Jesse's Cafe Americain looks at the role of gold lease rates in exacerbating "the ferocity of this sell off," and with gold now "in a technically oversold condition, on a near-term basis," Kitco 's Jim Wyckoff is looking for it to bounce back soon . He points out that the 14-period Relative Strength Index (RSI) on the above graph "is in a posture very similar to those RSI postures seen in July and September of this year,". .

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