GOLD 0.51% $1,391.7 gold futures

$2,000 the magic number?

  1. 3,738 Posts.
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    Lets face it if we are in a bubble it's a pretty poor one. Friday gold rises 3% and silver 4% and virtually nothing happened to my gold and silver portfolio. That doesn't happen in a parabolic mania.

    However, I did read months ago that one forecaster had pegged $2,000 as the magic number to get the general public involved in a bit of a frenzy for the commodity. Lets hope so as the disconnect continues to grow as gold rises and the share price of producers meanders along.

    Personally I think the XGD is about to breakout but I will wait and see...

    Interesting times if nothing else.

 
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