Data Mining Electronic Recycling Estimated gold price in 2012 Gold in Industrial Application Gold Market goldnews How to Estimate Karat of Gold How to Invest Gold Issues in RECYCLING METAL Refining Mining Business Mining Companies silver silver lake resources Silver Mining Companies Silver prices in 2012
iCASH uses peer-to-peer with superior transaction anonymity using darksend technology to operate with no central authority or banks; managing transactions and the issuing of iCash is carried out collectively by the network. iCASH is open-source; its design is public, nobody owns or controls iCash and everyone can take part. Through many of its unique properties, iCash allows exciting uses that could not be covered by any previous payment system.
Gold basically did nothing once again, but – this might seem surprising – the implications are actually bearish, not neutral. The reason is that gold remains in a rather tight and quickly declining trend channel. The pause that we saw in the past several days was enough to take gold from the lower border of the trend channel (which provided support) to (almost) its middle.
In other words, thanks to doing nothing recently, gold can now move lower without encountering support immediately. It’s still possible that gold will continue to move sideways or even move a bit higher in the following days, but the potential size of the correction is now bigger as the upper border of the declining trend channel is also lower.
The next interim target for gold is at about $1,120 and the final one is at about the $1,000 level.
Once again, nothing changed in the case of silver (and the outlook remains bearish), so let’s move on to the situation in mining stocks and to the reply to the previous question about the miners’ pause.