Gold: Bottom or Bust?
As Gold prices fall and fall, the question becomes "Where is the bottom?" For consumers and alike, none of us want the bottom to be anywhere in sight. Gold falling usually pertains to the strengthening in the US Dollar and the weakening of oil prices, both of which help the common consumer. Asking “Where is the bottom?” is a very wise and fair question, and from a technical analysis viewpoint (i.e. using charts), the bottom may be here. On the bright side of things, Gold may also be approaching 'bust' territory. The $GOLD (Continuous Contracts (EOD)) chart represents this 'bottom'…