I think 20% is to much, unless you get in at the bottom of the trend. More like 10% would be appropriate. Gold has been in a downtrend ever since $2060, and looks like it might have further to go on the downside. Remember, Gold is Not a Hold !
Yes wtf is going on with gold. Fed printing has increased USD currency supply by 20%, and gold--the traditional hedge against inflation--is going DOWN?! Where's the inflation, and why aren't peeps hedging against it with gold? WTH??
Because it's too painful most of the time, and the only people who deserve that kind of kick in the groin, are politicians ! Its also an underperformer most of the time. If the yield on treasuries keeps going up , expect more pain. That being said, I'm wondering if we'll see $1650, which would be 20% from the top.