What will the gold price do from here ?

[phoenix25140]

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 ?

 

[anley]

Will it get back to the upper reaches of 1379 ?

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

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

 

[phoenix25140]

Very dangerous indeed.

 

[Z's Apprentice]

substantial pullback is in order..imo

 

[Pento]

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.