RE: $0.85 level - Although I will definitely see that as a great opportunity to add more to my position, can you explain how you came to this conclusion, considering Gold is trading @ 1456. (Gold was at 1325 when we hit .85)
- Yes, if Gold drifts down to 1300, then definitely we will see 80 cents again, but I think Gold is gonna go up from here. The FED is in QE4eva mode and their minutes today hint that they will be increasing their asset purchase from the current level going forward.
- They want inflation and you bet they will not stop till they have it. In the meantime, they will help Gold prices to climb new highs. That is the reason why CBs in the eastern world are loading up on Gold. They see the end game very clearly.
JMHO.