RE:RE:52 week highsI remember that pretty clearly there was so much negativity surrounding gold last year. Then when they finally raised interest rates gold took off. I think gold may react the same this time we will see. AGC has been accumulating nicely here. Perfect buying opportunity. This up trend will continue soon. Buy the dips guys. This is a winner.
WGF76 wrote: When the Fed raised interest rates last December, the next day gold bottomed. It has not looked back since.......Also, the late 1970's here in the U.S.A., was considered a high interest rate era. Despite this gold made it's historic advance. I'm sure there are certain conditions where interest rates affect the price of gold but I don't think it is warranted this time due to every central bank in the world printing money. Not to mention the fact that negative interest rates are becoming more likely all over Europe.