So basically, they keep hoarding and hoarding the gold, and eventually it becomes of such immediate value it's a run for exit.. And the more that exit, will cause a scare.. and so on.. Just like a run on a penny stock, who will blink first..
Are you trading today? I've been looking around a bit and not really seeing too much setting up for a reversal back up. Seems to be a bit of continuation up going on. That was a great move on ANR from the start, nice continuation from Friday!
Afternoon Geaux Fish, per your request I marked your post #msg-56370529 from nine months ago pertaining to the movement and price of Gold.
My point being then, and still is, that there are many factors at play effecting the price of Gold. As with any commodity, if you can figure out what factors influence it's pricing, then you can gage and estimate it's responsive movement in combination with the charts. They are all tools for the job of attempting to forecast the future movement.
That being said nothing has changed from my post to you in reference to Gold pricing - #msg-56370529 If anything, it has gotten much worse which will effect Gold "More" to the upside. Gold is being sought as a safe haven and now with even more of a uncertain future, Gold will break 2000 here in the not too distant future. Now you can mark my post...lol
World economies are collapsing, political upheaval covers the entire planet, it's an uncertain time period fraught with struggles in every sector and corner of the market. Because of this, Gold will continue to be sought out and accumulated, more so, than any other form of wealth protection.
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