Monday, July 18, 2011

Major Top for Gold

Gold in us dollars ( xau/usd ) has been following the prediction pretty well ( click on Gold under labels ) and it now seems the moment of truth is here. I've had the 1600 target for just a little less than 1 year and price is there now. With the US Debt problems in the picture, this may be the spark that lights the fire of the gold bear. The sentiment is at extremes as it has been for a while indicating a top is near. It seems everyone is bullish gold and expects inflation will run out of control.

No comments:

Post a Comment