Replies to post #32360 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[RBKissMyAs]

IMO, too early to tell if it's a bottom. Rarely is a bottom made with such a slight break of the previous low and gold still needs to break resistance. Not that it can't be a bottom but certainly an unusual set up to be one.

[Sparks111111]

Another bull trap, there have been about 20 so far. I got caught in one already, not buying into anything until I see capitulation to 1050 - 1150