clive maund's latest ta on gold, page-4

"Im so sick of reading those hyper gold price prediction articles you know those ones which have headlines like Gold $3000 $4000 $5000 when I read these hyper gold price articles I just think what a ramp lol"

Fair enough Young-Trader.

I won't refer to US$3000, US$4000 or US$5000 gold.

But there is a good reason why the gold sector in general is still depressed today. That is because gold today is trading at the equivalent of around a paltry US$160 an ounce, adjusting the gold price into 1980 dollars.