India Stops Buying Gold; Gold Price Approaching 200-Day Support Level.

April 7, 2009 Jack Investing Strategy Comments Off on India Stops Buying Gold; Gold Price Approaching 200-Day Support Level.

Indian Gold Dealers: “No gold imports in February or March.”
India Stops Importing Gold

Technical picture: Gold is dripping to test support level at 200-day moving average at $860

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Editor’s Note: You can download Bob Prechter’s 5-page report, Gold & Recessions, free from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.

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