I warned you about this gold crash two years ago. And now I'm warning you again!

Dear trader, 

On 27 November 2013 I wrote an article saying.. “Gold is definitely not your safe haven in South Africa”. 

I told you that a sideways range had formed between (3,282 and 1,376), and the next target was for the JSE-GOLD index to drop to 800…

And that’s exactly the level it hit last month. But just because it hit that level, doesn’t mean you should just buy gold now because it’s cheap.

The problem is that the JSE-GOLD index has broken yet another extremely important level.

And looks like its next down leg could be at 206.27. That is another 72.76% potential drop on the cards.



So to sum up this scary story, the gold index next stop could be at 206.27 which is another 72.76% drop.

Timon Rossolimos
Managing Editor: Trading Tips 
Head Analyst:     Red Hot Storm Trader
Author:              94 Top Trading Lessons of All Time

        
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