Gold regains breath, will return to explosive growth

Commodity Online

MUMBAI: In the last few weeks, investing in gold has become a major problem because every time a correction occurs and gold fails to reach another $20 every week.

The investors have been caught by destructions that they even proclaim that the commodity bull market is over. These are likely the same experts who have called a bottom to the financial and real estate markets every week for the past six months.

Consolidations within long-term secular bull markets can be thought of as springs being coiled. The longer the consolidation, the more potential energy is stored and the more explosive the next up leg will be.

What the forecasters found in the few weeks ago that has unfolded as expected.The latest upleg lasted almost exactly as long as the previous consolidation.

Volatility is reigning over gold. Some time it goes up and down. What is important to note is that although the recent correction was painful for many gold investors, it is healthy and completely within the scope of the longer-term projection...

So there is no reason to be worried at this particular juncture. Gold is catching its breath and will either return to the explosive growth of the past few months or return to its long-term channel for a more orderly advance.

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