i dont care if its going lower
IMG will be 20 a year from now. If gold companies cut back production by 20 % gold would be at 2 k. If China knocks a Japanese passenger jet out of the sky,even a commuter 50 or 60 seat jet gold goes to 1600 overnight. Im betting there are at least a few generals and crooked trading houses in China that would love to escalate the conflict in the South China sea,
2nd, do u think Israel is goung to ring in the New Year with Western nations welcoming Iran back in the international arena after 3 decadesin the outhouse. NEVER, would not be surprised to see a strike before year end. In one year NG producers cut back to get rid of the 2 dollar handle for NG. Gold can get a 2 000 handle with a modest 15 % cutback, US dollar way overvalued, Goldman et al are inflating the NASDAQ junk like they did in 2000, same old same old.Then the real economy will grow again,