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Gold/Mining/Energy : Copper Fox

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To: FirstChoice who wrote (10288)	7/25/2016 12:24:07 PM
From: louel	Read Replies (1) of 10654

Golden Dawn's price more than doubled in 7 days . Becoming a way to over bought as per B Bands 20.2 A pull back to 30-35 cents will create an entry point and should bring new investors in. It also at the same time creates a support level for a future price rise . So caution may be prudent at the moment. Gold price dropped $65+ over the last 9 days however the fall appears to be leveling off into a rounded bottom in an attempt to rise again. As for gold there is perhaps another bull in the making. Which is the equivalent to a 22% rise should it come to pass. That is the proposed changes of religious permission for the Muslim community to buy and own Gold under Sharia law. There is 1.6B Muslims in the World with total population of over 7 Billion. When China allowed it's citizens to buy Gold it created the run to over $1900 in 2011. a 21% increase would equate to roughly $1600 Gold from current price without considering any other influential factors such as inflation.

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