GREY:VITFF - Post by User
Post by
HoneyBadger77on Apr 08, 2024 2:43am
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Post# 35976138
Barron's - Projects Gold Upside $3,600-$4,000
Barron's - Projects Gold Upside $3,600-$4,000Wow, last week a Barron's analyst reported gold looked toppy at $2,400 and was due for a pullback and now they say, "
With its monthly close above $2,200, my work confirms upside projections to at least $3,600-$4,000." "The metal’s long-term monthly chart (above) is one of the biggest bases to be found anywhere—and it’s just breaking out. Within its gigantic 12-year base, gold formed successively higher and shorter high-level consolidations at the top of the base. This illustrates weakening selling pressure as buyers take control. With its monthly close above $2,200, my work confirms upside projections to at least $3,600-$4,000." Gold Prices Are About to Shoot Up Even Higher (msn.com) If this analyst is right there's gonna be a lot of wealthy VGCX shareholders. My guess Barrons got burned last week going short and now is going extreme long to really confuse things. Don't think anyone really knows where gold is headed but I know I sure wouldn't want to be shorting any gold stock in this volatility! Gold made it to a high of $23.72 so far as I write this so it sure looks like it wants to keep going. The coming weeks are gonna be interesting!
HB77