** gold to be attacked **

  1. 24,765 Posts.
    I find it hard to believe that gold will be allowed to remain strong in the few weeks leading to the US election and the US dollar will be permitted to continue on its downward spiral; similarly that the Dow etc. will remain as weak as they currently are.

    It also wouldn't surprise me to see oil come off - eg. OPEC make a revised statement that they expect high oil prices to make oil demand next year less than this year.

    Of course, something out of left field could always happen to change this scenario. However the odds probably favour a concerted attempt to get the US stockmarket moving, the US dollar rallying and gold falling.

    Any falls in gold shares should be seen as a buying opportunity rather than a reason to sell.
 
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