Gold Update

I am on holidays at present in sunny Sydney so am not tracking the market closely.

However, my call for a low in gold is still on track, with lots of chances to fall through $1210, gold has bounced off this level repeatedly.

The following chart has a lot to do with it. The US dollar has now broken support and could fall quickly to support at the 79-80 level. If it does then gold will rally sufficiently to call a significant low has held.

Then we go into another US debt debacle in the new year which will give gold it’s next leg up as the dollar falls through that very significant floor at 79-80. Here’s hoping.

http://smartmoneytrackerpremium.com/index.php/2013/12/09/dec-9/dollar-396/

God bless

Kevin

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