Once Gold Breaks Below $1,158 Then What?

When I wrote my last article, Don’t Buy Gold Now, Wait Until It’s Under $1,000, it naturally received the type of attention I expected. I didn’t have an obvious agenda to sell gold to those who read the article, so one can’t accuse me of having a bias because I do sell gold for a living. So why would I write such an article?

This article will go into more detail on what I see coming for gold and help investors see what I see.

When I wrote that last article for Seeking Alpha, the price of gold opened the next trading session at $1,211 and spent the entire month of April below that figure. It took until the middle of April for gold to muster a run to $1,225 and today we are sitting at $1,186, just $28 from the looming November 5, 2015 low of $1,158.

I could write an article every day on gold like Kitco and other sites do, but you’ll see that in the 6 years I have been writing for Seeking Alpha, I have only written 50 articles with this being my 51st. It is only traders who are concerned with the day to day moves of gold, but it is long term investors who would like to know when they should begin or add to their allocation to gold.

I do write my Current Thoughts 5 days a week for traders and investors. I take the data that I see, analyze it for what it is, and provide my take on how it may affect gold.

This was an exclusive article written for the financial site SeekingAlpha.com and you can continue reading it here:

http://seekingalpha.com/article/3216906-once-gold-breaks-below-1158-then-what

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