Few months ago, I invited Skoll to invest in gold when it was...

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Skol

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18/11/17

07:36

Post #: 28911566
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Originally posted by sydney ↑

Ladies and gentlemen,
Gold has convincingly broken the important resistant level of $1287.
It was a matter of when, not if.
We are heading to somewhere between $1300 and $1400 by year end as expected few months ago.
What was important is to see evidence of sell off in our Aussie dollar, as the bears are eyeing the 70c level. That will add a significant profits to our Goldie stocks and people holding physical gold in Aussie dollars.

What will be a huge game changer for gold is failure of tax bill reform to pass the senate in its current format.
Huge gains in DOW was based on unrealistic Trump’s proposal and correction will be aggressive once the bill is rejected.

Few months ago, I invited Skoll to invest in gold when it was $1200 , but he declined. I think it is about time to reconsider that $800 is a dream as opposed to the reality of $1300 plus at least.

My thoughts.

Cheers,Sydney

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Few months ago, I invited Skoll to invest in gold when it was $1200 , but he declined. I think it is about time to reconsider that $800 is a dream as opposed to the reality of $1300 plus at least.
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Was that in your dreams? Your predictions are as bad as Jim Willie's and Bill Holter's....$1,400 by the end of September...LOL. At the end of September gold was $1,290.

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Last edited by Skol: 18/11/17
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0 Great analysis

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