Be Cognizant of These Prices GC

Gold is obviously in a heavy downward trend, question now is does it turn around at about 1825ish or head in a continuing trend to the bottom of the down channel at 1720ish.

Either way, two great buy opportunities as I think the magnet price any way you look at it is 1900.

This is relatively short term in thought. For longer term, I believe gold is in trouble as people have found alternative forms of storing value in other socially-constructed vehicles. Gold, in my opinion, will soon be going out of style as the hipper young virtual currencies or other deflationary securities take over.

-Fib