GOLD PRICE IS THEORETICALLY IN A BEAR MARKET

GOLD PRICE SHORT TERM OVERSOLD BUT LONG TERM UPTREND HAS BEEN VIOLATED

“Gold is not worth additional capital at this point. It is oversold, but is trending poorly,” so a note from Ned Davis says...it also says that gold could drop to $660. Quick to take issue was this rejoinder from Gold Stock Bull Investment Strategies:"In the following points, I will argue the reasons why the gold market has not yet peaked. Instead, we are in a counter-trend correction within the long-term bull market." Two decidely opposite views, so we decided to look at the InvesTRAC model.