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RISK/REWARD RATIO FAVORS LONG SIDE

Although gold remains vulnerable in the short term, the risk/reward ratio increasingly favors the long side -- and we are advocating more aggressive investment purchases should gold again dip below $900 an ounce. Even if the metal first weakens, the overall picture is looking a little brighter and, before long, we could see the gold move to a somewhat higher trading range. Importantly, the selling of old jewelry and other gold-bearing items in many global markets abated when prices recently dropped briefly below $900.  And, more recently, even with prices trading in the $920 to $940 ...

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