It will go to 2000 and I will be along for the ride.
We can remember this post.
Markets correct, it's not brain surgery, silver was screaming for a correction.
Fact remains, a few weeks ago we would be saying "so the price has now settled at 1300"
Yes there was a correction, risk off, profit taking, dip, etc.
Bottom line is price is basically 1500. To me that is higher than the weeks of past.
We may correct a tad further say 1450. Currently price is consolidating at 1500 area. Next week should provide some more direction.
No one said we were going from 1500 straight to 2000. There are always ups and downs, and nothing goes straight up. And BTW you can only edit posts for a about a day. 2000 is a long term target. Just the same as 75 to 100 for silver - long term.
We are still in a massive bull run -
Year 2006 - Price of Gold $550
Year 2011 - Price of Gold hits +$1550
In the scheme of things 100 usd correction is minor.
I love it when the price makes a record high and people come on here bragging about how they shorted the top.
Want a trophy?
Keep in mind these are London Fixes Not - NY spot NOTICE the extra digit.....
http://www.kitco.com/LFgif/au2006.gifhttp://www.kitco.com/LFgif/au2011.gif
We can remember this post.
Markets correct, it's not brain surgery, silver was screaming for a correction.
Fact remains, a few weeks ago we would be saying "so the price has now settled at 1300"
Yes there was a correction, risk off, profit taking, dip, etc.
Bottom line is price is basically 1500. To me that is higher than the weeks of past.
We may correct a tad further say 1450. Currently price is consolidating at 1500 area. Next week should provide some more direction.
No one said we were going from 1500 straight to 2000. There are always ups and downs, and nothing goes straight up. And BTW you can only edit posts for a about a day. 2000 is a long term target. Just the same as 75 to 100 for silver - long term.
We are still in a massive bull run -
Year 2006 - Price of Gold $550
Year 2011 - Price of Gold hits +$1550
In the scheme of things 100 usd correction is minor.
I love it when the price makes a record high and people come on here bragging about how they shorted the top.
Want a trophy?
Keep in mind these are London Fixes Not - NY spot NOTICE the extra digit.....
http://www.kitco.com/LFgif/au2006.gifhttp://www.kitco.com/LFgif/au2011.gif
DislikedAs far as I remember most people here were saying gold will ONLY go up with maybe some MINOR corrections and some were even seeing $1600-$2000 in near future!!!
If those posts are not edited or deleted, it is fairly easy to check posts from last 2 weeks.
I, for one, was being questioned why would I want to even short gold and now we have the answer: To have a nice ride from $1575 to $1465!!!Ignored
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News