Current projection: low has been seen today at 0.265. Overnight may see gold price rise begin, but more likely to be next week leading into FOMC though - surprises will be to upside. With rising gold MOY will naturally progress higher but won't break 0.50 in this next leg up - will get into 40's - maybe 0.435 top before consolidation that will take it back to or under 0.40 slightly before resuming upwards in a move that will get into the 50's. So low 40's by end of Feb, and into 50's by Mar/Apr. Not sure how far it will extend beyond 0.50 in that move but won't be surprised if it exceeds my exceptions.
Ok, anyone wish to share their projections lets see if any of us get close.
MOY Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
lets see if any of us get close.
