700 on the way, page-10

dacata, absolutely correct. Deleveraging is leading to this short term aberration. How much longer it goes on nobody knows. It can all end as quickly as it began.
So to make calls of any description such as $700Au during this time is perilous and pretty damn bold.
Where the bottom in Au will be is something I can't be sure of but my best guess will be that they will lead the lambs to slaughter by wacking it down big-time in early NY trade only to reverse the trend that very session.
I agree with comments from a poster earlier, possibly on another thread, that the biggest bubble in markets at present is the USD....way way overdone.
As soon as investors no longer have need for it...WATCH OUT BELOW ..... and that moment can't be far off.
(PS we may see begin to see divergence in Gold as a early sign)