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Re: Feb Gold/Still Underwater #2/Lee

Thanks Lee. Yes I saw that report somewhere recently. It is something to think about. "IF" Gold wasn't below those previous support levels I'd be very long as they have worked well in the past. But technically what has occurred since mid Dec is very bearish and hasn't occurred for over 3 years. It is doing exactly what it did in the economic crisis of late 2008. Doesn't look good. Gold and Silver both have a lot of price proving to do next to turn this ship back around. A break below recent lows would suggest much more on the downside. DX is still strong as well and January into Feb is historically very strong for DX which wont help as a rule with precious metals either.