<Late Update. Discussion as per 21 Jun 2013>
Hope that you are coping with the smoke well. Not sure if you could recalled in 24 April 2013, we mentioned about Gold Price. If you do not remember, it is OK. Just a recap on what we have discussed:
Discussion dated 24 April 2013
Gold
The price of Gold has caught investor's attention. SPDR Gold closed at 136.88, with its 52 week low of 130.51 (dated 15 April 2013).
On hindsight perspective, in the period of Oct 2012, one may have the view that the ETF may be trending downward. The subsequent move below 148.27 and failure to move above the Upper bound of a downtrend Andrew's Pitchfork indicate the bearish signal. And reach the low of 130.51 (crossing below the 161.8% retracement level of 132.326). Putting everything back into perspective, it may ...
