RE: bout time !
Specboy...
good to see you are having fun.
I'm trying to learn something here since I am not very experienced with gold (anymore experienced with it than anything else I guess). Gold is supposed to "come on" as a safe haven to inflation. But not so much as a haven against fear I'm guessing. So I'm thinking this market is still in deflation, or starting into deflation, and inflation won't be an issue until the Fed rates get held fast or start to rise.
So I'm thinking Gold will run down like other commodities except there seems to be some manipulation or confusion with it as it ran up over $827 when inflation wasn't an issue. What is that ?
So do you think it will slide back down like other commodities here, at least for a week or two ? And what would the leading indicators of inflation actually be... Gold & Oil going higher before anything else happening in the market ? In other words, the traders know when rate hikes and cash movement are right around the corner before we do ? I don't know, kind of asking for an opinion on that...
I watch a lot of financial TV and read a lot on the internet and for every Bull opinion you can find an equal number of bear arguments that are very convincing...
The only ones that seem to make sense to me are the guys who seem to be shrugging their shoulders and saying they have no clue what's next in this market...
What are you thinking ?