I don't know what will happen to gold tomorrow and I do not know what will happen to it one year from now either. But I can have a better feeling where it should go in the next 2 weeks to 2 months. On either side of this time frame, my guess, gut feeling, prediction, estimation or whatever I might call it becomes more fuzzy and unimportant.
GLD should hit $115.5 in a couple of days by this Friday close. Today's price action was awesome. Down 1% and then up 1% after being up constantly for 2 weeks stunned bears.
Bold call. That Trump statement about the dollar definitely messed up some bears. On a technical note, We have 2 island reversals:
I was thinking the same until May finally made the speech on her Brexit plan. Even though she talked about hard-brexit, market reacted positively. All Market wanted was the clarity about brexit plan after all I was going to play inauguration a day before but looks like Trump wants to play with media until his inauguration so I have decided to trade on inauguration. Imho dollar will strengthen and gold will depreciate substantially upon his speech...
I believe unemployment will be at least 3% higher 4 years from now when Trump leaves the office. US main issues will be : 1- How Germany should react to its personal issues 2- What color Ossie O Donald's bra is? 3- Is CNN good? 4- How we will build wall and paint it GLD will go much much higher.