how high will gold go?

Repeat:

Subject re: how high can gold and silver stocks go?
Posted 28/11/05 08:41 - 88 reads
Posted by stolwyk
Post #806654 - in reply to msg. #806572 - splitview

The more Gold consolidates, the greater the chance it will cut through the $500 barrier. It is consolidating every $5 instead of every $10 now: There is a big battle going on.

At the moment, the troops with the golden Shields are fighting the FED and some Central Banks in front of the Gate.
I have little doubt that some clandestine Gold is being thrown from the ramparts by the Opposition.

The $500 mark is one of the most important psychological marks in the history of Gold and the FED knows that.

Once the Gate has been smashed, 4 things will occur:

1. Gold will be pushed into the limelight by the Media. It can't be ignored any longer.
2. People will be asking questions about gold and many will invest.
3. The economic smaller gold companies will start to move.
4. The big Hedge Funds' investments will dramatically increase (There is'nt much else going) and Gold at some time will have its own momentum because of heavy Demand.

Once through the Gate, the pressure is on, there wil be battles but it ought to be easier to get to $550.

Bernanke will take over in Jan and that ought to assist Gold, given time.

Gerry