%% Good points; not that i would credit ANY one man or even the FED for completeness /capital markets/trends[+ i voted for him,LOL] Yes i saw/see the WSJ doing that all the time.LOL....................................................................................................
This is my call on gold for the near future: Gold looks bullish but it's kind of fools gold. In the very near term dumb money is being suckered in. Anyhow, my thoughts, gold will see a pullback to align itself with the support level of gold's rising trend, so it'll see a price maybe coming under $1500 again to rattle out weak players. When USD falls below $96 which I expect, then gold will rally on up again.
Gold is too high, it is a false rally. This is because of the Iran thing. 7 years since this level? Mreh, I dunno' man!
Feb gold maybe 1550 to 1520, longer term charts say its not over done, 2000 for sure, but one thing about gold it needs news to go up, not earnings. Gold will always be fools gold.
Posted from another thread.... Markets are impossible to predict USD black, Gold green line Here an example where negative correlation has reversed.
Here we are again with GC, now closing above 1600, instead of just touching it. It smells of overbought elderberries.
The Australian gold index XGD is lagging the price of gold in AUD. I'm expecting it to pop right about now. Black bars = XGD Green = XAUAUD gold in $AU