RE:Gold is kingGold needs to do a bit of consolidation and hold the $2000 level, which we might retest.
Then it can go higher....
The big boys have now covered their positions with to 200 million share offering, so I believe we are at, or close to the bottom. As I said last week, I thought their would be a last ditch effort and we saw it...
I cannot believe it would be in anyone’s interest to see this assett get destroyed now they have covered.
I believe gold is heading for $3000, but the bulls are still in control of the S&P at the moment. The Russell and bitcoin are currently getting the bids, so money is flowing from somewhere?
I believe, things are starting to change and gold will assert itself, but perhaps not until next year now. But that is pure speculation!