Jure Kozuh`s Blog

Very much the same thing happened in the Gold market as happened in Silver. Prices have been in an established uptrend for weeks; and in the last week or two Gold prices have been on nearly a parabolic trajectory. This situation could not last forever, and the end has come. It should not have been a surprise to anyone; but apparently it was, for many traders held on to the very end, driving prices higher and higher in speculation which reached frenzied proportions. Not everyone missed the signals. Those investors who understand how to read the Japanese Candlesticks price formations knew that the end of the mania was near; and they took action in a timely manner both to protect themselves from loss and to reap substantial prices when prices fell – exactly as they have done over the past few trading days. At this point, it seems unlikely that the uptrend will resume again any time soon. Actually, many forecasters now predict that Gold prices will fall several hundred dollars more (per ounce) before prices begin to stabilize.