Originally Posted by Javi335
To me gold market is preparing now the field for the next months, it needs a speculative margin streetch for 2012. I see it going to 2300 in the future and all people singing
Now won't you bubble bubble
Let me see you shake it, shake it
Now won't you drop it, drop it
Ohh, take it, take it
Gold will be a buy again when Bernanke cries uncle and gives the street QE3...simple as that...in mean time, deflationary forces at work as margin calls will cause people to sell everything not nailed to floor and esp. winners where they still have profits.
BTW, agree with you gold should see 2500.00 but not this yr...we need a flood of funny money Fed inspired money supply to get the CRB and gold moving again.