"Based on forecasts gold is set to hit $750 before it resumes its up trend "
Berocca - according to my charts, and also to Twiggs and others, the support level for a pullback in the gold price would be around $850 - not the $750 you mention.
It is still in a long-term uptrend, and I seriously think it will be back above the $US1000/oz mark by the end of the calendar year.
Dines called gold at $500/oz - way back in the 1980s when it was only around $25 - and they said he was crazy. Now he is saying that within the next few years, it could go to $3000-5000/oz. But people aren't quite so ready to call him crazy this time.....
the price it will bottom at, page-2
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