Gold has had a fantastic run up this year.
In fact, over the past year we saw gold prices surge over 39% taking it to all-time highs at over $2,060 an ounce.
Best yet, we called it!
However, since the gold price hit my first price target at $1,960, in August, things turned very sour very quickly.
Just in the last week alone, we saw gold's worst weekly loss since November 2016.
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On 27 November 2013 I wrote an article saying.
. “Gold is definitely not your safe haven in South Africa”.
I told you that a sideways range had formed between (3,282 and 1,376), and the next target was for the JSE-GOLD index to drop to 800…
And that’s exactly the level it hit last month. But just because it hit that level, doesn’t mean you should just buy gold now b... ››› more
Early April 2013, my friend Ruan told me he was holding 40% of his portfolio in Gold CFDs. He was confident in his position because he read a report in Market Watch where one of the top analysts wrote that Gold is going up to $5000.
Being sceptical by nature, I went to my trading platform and opened my charts. I had no interest in what the media had to say about gold. And so, I opened up the go... ››› more
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