The price levels to watch on gold

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In accordance with my article last week, again, not much has changed and patience remains the order of the day.

You should recall that on October 8 we exited gold at $1,773 for a 9% profit over about four months and it was thought that one could look to re-enter at the identified support levels. The first re-enter level was $1,708, for a 30% buy back. Overnight, the gold price fell as low as $1,714, not quite low enough to make the order.

I've now reset those re-enter levels lower in this report and patience is again needed.

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