GOLD 0.51% $1,391.7 gold futures

central bank gold-buying increases by 500%, page-22

  1. 10,425 Posts.
    lightbulb Created with Sketch. 616
    gold is down only 13% from its high in US$, thats hardly bear market, during the 2008 market crash gold dropped about 30% and than it started rising again.

    It is possible we will still see US$1530 as this is the LT key support currently, if we do that will represent an opportunity of a lifetime, considering nothing fundermentally has changed, interest rates in the US will be low until 2015+, US debt is $15.5Trillion, Europe is still looking very shakey, India and china consumers keep buying gold, central banks from russia to brazil keep buying, the gold bull run has lasted 10yrs, dosent mean it wont last another 10yrs.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.