I am saying gold will fall to around $700 ounce range.
All those people who went out and purchased real gold will bail out when the gold price falls below $1000 usd.
Unfortunately silver might just follow, You might see silver back around $12 ounce.
Leveraged trading took gold to $1,800 usd ounce not real demand. Leveraged trading was fueled by a media frenzy, broker promotion, bank manipulation and a falling usd.
The party is over.
DML Price at posting:
4.8¢ Sentiment: Hold Disclosure: Not Held