I chose to look at the 10 year gold chart. There is no real sell off in gold. The price has reverted to the trend line. The big increase was anomaly
If you trust extrapolation, gold at the trend will hit $2,000 by late July
I chose to look at the 10 year gold chart. There is no real sell off in gold. The price has reverted to the trend line. The big increase was anomaly
If you trust extrapolation, gold at the trend will hit $2,000 by late July
Very true.
Mish has an article out there today about this very fact.
The dollar has actually remained about steady since 2005, but gold has continued to rise compared to the dollar. It is still way ahead of the dollar.
I wouldn’t be surprised if this correction takes gold down another couple hundred dollars an ounce until it starts to climb again.
I’m hoping silver goes down to the low 20’s or high teens, at which time I’ll buy.