Gold Nears Trading-Range Bottom
Simit Patel | Jul 02, 2015 12:04PM ET
Gold is now approaching the bottom of its trading range, as illustrated by the blue dotted lines in the chart below.
Personally, I plan to add a bit to my position in gold stocks -- which are also declining with gold here -- as there are signs of a rebound in gold, which I anticipate could occur on Monday (market will be closed tomorrow, in observation of the US Fourth of July holiday).
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