pog looking dodgy, page-39

Dillinja,
I gave you a TU but it didn't show, so you must be in negative territory LOL.


SydneyGuy,
I agree that 1250 or thereabouts might come first, unless tapering is put off indefinitely and then look out above.

Here is a link from Kitco where they say gold is going higher regardless of tapering. (They might be a bit biased though). I also noticed, unlike their headline, they talk mostly about tapering causing the spike in gold.


"Gold Price Is Going Higher Whether Or Not FED Tapers"

Skipping down to the conclusion they say:

"I believe that investors have incorrectly assumed the FED will announce significant tapering in September. This concern has spread through the markets over the past several months and is now baked into gold prices. However, if my hypothesis is correct and the FED does not taper in September as expected, look for a continued upward revision to gold and silver prices. In the short term, this upward trajectory will likely be accelerated by increasing tensions in the Middle East and the potential of a new war with Syria. "

http://www.kitco.com/ind/Hamlin/2013-08-29-Gold-Price-Is-Going-Higher-Whether-Or-Not-FED-Tapers.html