Monday , 19 November 2018


Tag Archives: $880 gold

Gold: Schizophrenia Reigns Supreme – Here’s Why

Gold is in a tough situation right now. It is an enigma and it is suffering from an identity crisis. It does not know whether it wants to be a commodity or a currency...sometimes its price reflects its position as a commodity and other times as a currency. These days gold is struggling with both these roles...and when it decides what it wants to be there will be a price adjustment. I believe that adjustment is coming soon and that it will take the price lower. Here's why.

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Gold Will Soon Revert To Bear Mode Trading On Way To $880/ozt.

If gold were to start moving appreciably higher it would damn all paper currencies...and given the current fragile state of the global economic landscape...governments around the world simply cannot, and will not, allow that to happen. They sit on big stocks of gold and, if necessary, they will use those reserves as a tool to crush rallies. I believe, therefore, that gold will soon revert to bear mode trading. My price target remains at the $880 level.

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