fundamentally for me, when the euro tops out or usd bottoms. when debt are at controlable levels, when inflation or deflation do not pose a threat, when there is world peace and when oil and bonds begin a bear run.
in other words, imho - she still has a fair bit to go, the war is only an excuse and global debt and record low interest rates is slowly beginning to rise to the surface for many media commentators for the reasons of the gold bull, as it is the only real asset class left. equities are still overvalued, and the higher they go the more overvalued they become. traders, trade the trend..just my humble view, but i think the euro/usd is the main catalyst for gold atm, and $360/oz is 'reachable'.
OXR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
