Monday, May 02, 2016 9:18:54 PM
I'm pretty sure gold will top out this year at $1350 or so. Gold bugs will want more because over the last 5 years gold dropped 750 bucks. I would say getting back half of the 750 dollar drop in just one year is incredible. They don't see it that way though.
Economies stink and very few retail people have the money to buy gold. Actual physical gold demand is down big so far this year. People don't have the money for it and it is now 25% more expensive in just 3 months. Speculators are driving up the price of gold. Not sure how much further they take it. At any rate I just do my trades here and there when the setup looks appealing.
Knowledge + risk taking = prosperity
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