I’ve been using an $817 target for Comex Gold since September 2013. If the futures were to fall to that price, it would represent a 32% decline from current levels of around $1193 and a 57% decline from the all-time high of $1920 achieved in September 2011. A fall to $817 is by no means a done deal, however. For a concise explanation as to why, along with some very precise benchmarks you can use to evaluate and trade the swings, check out this five-minute presentation recorded on June 2.
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