$2600 Gold

Our Sydney sunrise is a distinct possibility given momentum at present.
 
This is the pattern I was hoping for. It is the same as the 70's with a 'v' shape from the 1st high ( about $200) to the 1975 low and back up to the high again. The next big move will take it to about $2300 and then retest back to about $1900. This will take a year or two.
 
I suspect that Barry blow his billion left over on the yellow metal :D
 
Slimey said:
This is the pattern I was hoping for. It is the same as the 70's with a 'v' shape from the 1st high ( about $200) to the 1975 low and back up to the high again. The next big move will take it to about $2300 and then retest back to about $1900. This will take a year or two.
Click to expand...
Are you quoting USD?
 
yes, USD...the only difference between the patterns is time frame...this pattern is about 3 times the length in time for each yearly movement
 
Slimey said:
yes, USD...the only difference between the patterns is time frame...this pattern is about 3 times the length in time for each yearly movement
Click to expand...
The question is how will the AUD be acting during this pattern. I doubt we will ever see USD parity again but will we drop as low as 0.50. if so then it doesn't matter what spot looks like, it's a good time to buy right up until 1900 usd
 
I had been gradually reducing my USD deposits in stages since the second half of last year, moving it into gold and so far it has been doing well. Yes, the USD has strengthened in the last 1 month, but gold has risen even more. At the moment, barring short term fluctuations, gold is the best currency. Silver is second best.

Meanwhile, I'm still waiting for the minsky moment to buy black gold. The smart money is all waiting on the sidelines.
 
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