Gold At $1900 By Year End?

13/11/2012

Vince Lanci thinks that $1900 is on the cards by year end and that there is a potential "bloodbath" for stocks as a result of inadequate resolutions to the US deficit challenges...we're inclined to agree in general terms, but there aren't many weeks left in 2012 so January is looking more likely. What do you think?

2 Comments

DowTheorist link

13/11/2012 04:40:43 am

Gold is right now at the moment of truth. Right now, it is still in a primary bull market in spite of the secondary reaction that started on 10/04/2012. However, in the last few days, it is setting up (together with silver) for a primary bear market signal. If the lows made on 11/02/2012 are violated a primary bear market signal would be signaled under Dow Theory.

So we are at crossroads now: Either gold goes breaks above the 10/04/2012 thereby confirming the primary bull market signal, or it breaks below the secondary reaction lows of 11/02/2012 thereby flashing a bear market signal. If the bull is confirmed 1900 is a reachable target.

Here you have the relevant chart and comments thereto:

http://www.dowtheoryinvestment.com/2012/11/dow-theory-update-for-nov-12-gold-and.html

Regards,

Flora Waycott link

26/8/2023 10:13:18 am

Thank you for ssharing

Gold At $1900 By Year End?

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