wow ... another wild week in the PM sector and gold - silver futures ... mid week it looked like the bulls had regained the momentum but by the end of the week it was all BEARS now the bulls need to prevent the bears from pressing their bets and driving gold down to $580
you saw profit taking and a new floor being put in around 630. do not be fooled by the CBs manipulation of gold. When Israel marches into lebenon gold will spike again taking out 700.
615 out, now I'll sit and wait for a definite signal. Too much crap coming into my ears and money going out.
What would you see as a definite signal? Do u think that even with the war Gold might retrace $550 because the dollar is looking more attractive?
I got no strong idea on where this will find a bottom. Still suspect that its below 540 (like everyone else) but this price action making it sit right here at 615 is odd. Currently no clue - flat.
Kim Jong Il fires dozens of rockets over Japan for the 4th of July Gold rallies...then drops off Israel and Lebanon attempt to start WWIII Gold rallies..then drops off
very cool. what are your thoughts on the price action of gold lately? what do you see over the next 4 months? thanks. -kk