Update on Gold: Still has Some Room for Decline

On December 2, 2009 I posted an article "Alert: GOLD’s Potential To Fall From Current Level" on Long & Short Investment predicting that GOLD will come all the way down from above $1220 to $1080.  On Friday, February 5, 2010, Gold closed at $1066.50.  I believe there is still more room for Gold to come down further so be patient if you are looking to go LONG on Gold.  I recommend two Gold ETFs: GLD and GDX.

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