Goodone - Gold was doing just fine before QE was even heard of . No reason why this can't continue .
Expectations are that the FED may try and taper QE but it won't last long . Economic data is still very weak .
Much of this is already factored into the gold price . I think we are now seeing a reversal of the anti gold trade . Shorts are covering and new longs coming in . The same greedy speculative forces that pushed gold lower are now pushing it higher again.
$1550 is a real target before years end imo .
Looking at gold stocks , it seems that the buyers may have finally returned . AMX is still way behind on the corrective bounce higher compared to other golds . Much further to go imo . Sellers can't sell forever and buyers are gathering .
Load up under 18c imo
I
AMX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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