Goldman Jeff Currie head commodity strat had been making the rounds several times regarding Gold going lower, also Oil, precedent was FED raising rates, they are short, and many "customers" I bet as well..... they now are "quiet" on the public front regarding the "call"
my crystal ball says we hit $1350-$1400 at some point before falling well below $1000.... but w/ the negative interest scenario who knows.... maybe we get a real breakout
thanks. I would like to see 1300+ next week, no reason this USD could not really suprise move to downside and get gold bid
... just one guy with an opinion amongst many... I have been following this for many years though.... good luck.
SIL wow.... but Gold doing ok, breakdown in equities will slow silver to a halt and gold will have these 4% up moves
thank you for pointing out the chart. I did not comment because I don't really like most patterns within ranges. Years ago I made money trading flags... but not flags in ranges. I use to love trading a flag withing a flag. But... I am not sure that pattern is even useful anymore.