by Robert Williams, Publisher
Tuesday, December 8, 2009

Gold prices are in retreat – their steepest two-day decline since March – on the announcement by Fed Chairman Ben Bernanke that inflation “appears likely to remain subdued for some time.”

He also reminded us that the weak labor market (can you say jobless recovery?) and tight credit would provide “formidable headwinds” to the economy.

Those of you who read Investment U’s November 24 issue – We Apologize For Interrupting the Gold Rally, But – knew this was coming. And I hope you took action…

And now, of course – on the heels of gold’s big thud – Wall Street’s big boys are weighing in, offering their outlooks.

Yesterday, JPMorgan Chase (NYSE: JPM) said, “Fundamentally, the gold price appears over-valued.”

And Credit Suisse (NYSE: CS) chimed in, asserting “Gold may decline to $900 to $1,000 an ounce by the end of the first quarter next year.”

Thanks again, fellas. But I’ll stick to what options expert, Karim Rahemtulla, is saying. He’s the one that called the decline two weeks ago based on the movement he was seeing in the options market.

So if you missed that article, here’s your chance to make amends and learn how to play gold’s next move.

Ahead of the tape,

Robert Williams

View original at: Investment U

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