For next week (sept.15-21), Kitco's survey is strongly bearish: 75 % of participants say gold will go down. http://www.kitco.com/news/2014-09-1...pected-Next-Week-Say-Survey-Participants.html Kitco has never been so bearish - as far as I can remember...
Currently the dollar is strong and next week the FOMC will also hold a meeting: http://www.kitco.com/news/2014-09-12/FOMC-Meeting-Will-Dominate-Gold-Market-Next-Week.html I don't see strong bullish signals ahead. It might as well continue falling.
The great questions are: *how low will it go? *when will it recover? *how high will it go in a few years (e.g. 5 years)? If it crashes to 800 $ and stays under 1,000 $ for 10 years, then it's terrible... If it just plays a bit below 1,200 $ and shoots up above 2,500 $ by 2015-2016, then it will be frenetic to gold buyers. Try to guess what will happen and act accordingly. Is gold a good buy now? Or is it getting destroyed? For as long as the dollar is gaining strength, old will be getting weaker. Until the EU and Russia continue to sanction each other, the US will gain, thus making the dollar stronger, therefore - gold weaker. My biggest question is whether gold's bubble is bursting or, whether this is "just a correction": http://www.primevalues.org/market-watch/gold-bubble-burst-correction.htm Faber and Rogers say it's the latter. And if it's true, then we're almost through it. The roughly 40 % correction has already happened.
how do one know that some one got a badass over there? did this guy really used all his fingers to check :lol: or just use the button ??
