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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Will gold drop to $1,000 or was the bottom formed this summer?

Posted on 18 November 2013

The blogosphere seems to have gotten the idea that I am predicting $1,000 as a sure thing. Nothing could be further from the truth. I’ve said many times in the past that I think there are parties trying to push gold to that level. Will they succeed is anyone’s guess, but I think they are clearly trying. I also believe that the bear market this past year was an artificial and manufactured move.
I’ve been very clear. On Sept 3 I recommended everyone exit all long positions in the metals and go to cash until gold either confirms that the bottom was formed on June 28, or it makes it back down to $1,030. That is the point where one could back up the truck so to speak………………………………………..Full Article: Source


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VRS - who has written 39872 posts on Opalesque Commodities Briefing.


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