What will the gold price do from here ?

phoenix25140

Active member

Messages

102

Likes

2

• Oct 27, 2010

• #1

Gold currently @ 1332

Any views people on what it will do from here? :?:

Lets see who gets this right :smart:

Will it get back to the upper reaches of 1379 ?

 

A

anley

Senior member

Messages

2,730

Likes

229

• Oct 27, 2010

• #2

phoenix25140 said:

Will it get back to the upper reaches of 1379 ?

Click to expand...

Yes. Very dangerous to try and pick a top in a multi-year bull market.

Many have tried since 2000, all have failed........

 

phoenix25140

Active member

Messages

102

Likes

2

• Oct 27, 2010

• #3

Very dangerous indeed.

 

Z

Z's Apprentice

Newbie

Messages

3

Likes

0

• Oct 27, 2010

• #4

substantial pullback is in order..imo

 

P

Pento

Active member

Messages

208

Likes

17

• Oct 27, 2010

• #5

gold is overbought. bonds are overbought.

bonds have come to the end of a multi-year bull run. yields on bonds will rise and thereby attracting back the money currently parked into gold.