We are approaching the final hour of trading and today we are seeing strong selling pressure yet again with a new recent low occurring in the S&P 500 Index (SPX). At the moment, if the closing bell sounded I would be of the opinion that we are very close to seeing additional downside. The hourly chart illustrates the breakdown of the [...]
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Gold Prices Are Set for Further Decline
April 9, 2012 by J.W. Jones
In the not-so-distant past arguing that precious metals prices were setup to fall generally elicited a response which was not real pleasant. In fact, during gold’s infamous bull market rally on several occasions I called for pullbacks which regardless of the accuracy of my call generated hate mail that seemingly never ended. Fast forward to [...]
