Three Reasons Why This Could Be The Bottom for Gold

Gold has been one of the most hated commodities in the world since it peaked in September 2011 at $1923.70 an ounce. At that time, the precious metal was upgraded by J.P. Morgan Chase to $2500 an ounce. As many of you already know, when a major firm upgrades a stock or commodity at an extreme high it is usually a top in that market. Today, the price of gold is trading around $1222.00 an ounce. Last week, gold traded as low as $1181.40 an ounce which was a fresh new two year low. Many so called professional traders and investors now believe gold is going to decline further because the economy is improving and the Federal Reserve is going to start to taper its $85 billion a month QE-3 program. But, here are three reasons why gold might be bottoming right now. ...Continue reading here: http://bit.ly/1gqYAGo