Gold trending... What is you gut feeling? Up/down? I got a couple of web pages open every day. It is this one, Kitco, and my brokes home page are two others.
Then I also keep an eye on the bullion market where I live, and I can tell that the possibility to buy used coins is withering away at an almost alarmig rate. I buy for gold content only. The good ones (with a low spread) are all gone. You can hardly find anything below 12% spread, and I start thinking perhaps I should just bite the bullet and get a few more ounces before those are gone too and all that is left are the "collectibles" that are way above 25% spread due to "collector value".
But what we have seen over the past weeks is gold moving sideways, not going anywhere.
Today I get the feeling we might be closer to a break out upwards. And we are in fact closing on in $1720 US as I type this. My gut feeling says we are about to see $1750 soon, rather than $1600. I am not talking about bullion but spot market, as we all know you cannot get an ounce of gold for spot.
How do you think gold will perform in 1 week, 1 month and 1 year from now? Just guess, you do not have to tell why you think this, just have a got at guessing. It would be interesting to see what you guys think about this.
I say 1 week 1735, 1 month 1820 and 1 year 2430.
*(besides Youtube where I try to find some good info about the current world economics. As I find MSM to be just utterly useless for anything but to riducule I turn to whatever sources where I can sift through a ton of info, trying to find signals in the white noise)