GOLD 0.51% $1,391.7 gold futures

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  1. 3,728 Posts.
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    you know its rise is nearing its end when punters start calling for gold to climb to $7000. Must be the same group that, 2 years ago, predicted crude oil will go over $300 a barrel, or those saying the ASX will be over 6000 by the end of this year. When everyone is banking on 'the obvious' trend to go forever that is the time to be on standby for the unexpected. The trading world is full of casualties that took trends literally. Housing in the USA anyone?

    Anyway, enjoy your moment of glory for now, as you all deserve it for being faithful. Just don't be too greedy by not taking some profits at some point.

    At least there's something in this deflationary world that's rising.
 
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