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Monday’s Panic Selling In The Gold Market Has Only Occurred 6 Times In History – Price Moves After Each Historic Panic Are Remarkable

from KingWorldNews:

There were whiffs of panic selling in gold on Monday, which normally happens within days of the metal forming a short- to intermediate-term low, but it says nothing about its long-term prospects.

For the past couple of days in this report in the update on gold stocks, we’ve been watching for heavy, exhaustive selling over the next several sessions as likely signaling a wash-out.

That’s what’s happening now, as Monday’s activity had many of the hallmarks of panic selling pressure.

Jason Goepfert Continues @ KingWorldNews.com

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