Bigworld, Yes, gold is weak, but as Jim Rogers has pointed out, you never see a huge move like gold had without an inevitable 50% retracement. It went from 1200 to 2100 in two years, so now we have the retracement. 1650 is the 50% target, though really strong support on the chart isn't until 1500. A lot may depend on the US dollar, which recently rebounded up from key support thanks to rising interest rates.
The overall stock market could be vulnerable too, it's had a huge move since the March 2020 bottom. I wonder about the recent developments in the Middle East, a drone/missile attack on a Saudi oil facility, so could be the Neocons again. There's always something to worry about. Fwiw I have the stock allocation target at 35%, but allowed it to creep up to 39%, but that's as high as I can go without angst entering the picture. It would be great if CD rates got back to 1-2%, to at least provide a parking place for cash rather than the 0.01% money market.
