Thursday, July 11, 2013

Gold ~ Update ~ 11 July 2013

Gold has rallied back to 1300 over the last few days. I think we could see 1350ish next if 1260ish holds.

As already said two weeks ago, I think that we're very near a long-term bottom. If gold can break 1350ish convincingly, 1180 is most likely the low and the next wave to new all-time highs should be underway. If 1350 breaks, we should see a quick rally back to 1480/1550.