RE:RE:RE:Gold"I would be really careful here given the longer-term outlook for the stock market. I don't see how gold can sustain a rally with equities getting pounded and the dollar being bought on dips," he said. "If the near-term lows in gold can't hold and we drop to $1,678, gold could retreat to the pandemic lows of $1,625 and then even $1,484. Gold needs to hold $1,670-$1,680. If it does not, it is going down to lower levels."
I hate to say I agree with this post in this article but I do.... It seems these cycles run often around every 5 yrs.. Now this all could change quickly with the shape this world is in.. What causes me to support this is if this turmoil in Russia/Ukraine couldn't push Gold through $2100 what will? anything can happen tomorrow that could wake Gold up again.... If Russia backs off Ukraine this would definately drop Gold interim but that's not likely happening anytime soon yet we still drift lower as fear subsides..