I think so too but there might be some profit taking when gold hits 1200, so I am interested to watch and at this point am not holding any position as technicaly it was a little overbought yesterday and would rather wait for a short when the time comes and surely missed that this morning and yesterday, congratulation to all that have been long for a while. Gold will stay higher for longer unless US increase their interest rates $US is turning to peso and there will be more nations shifting away from $US to others and wait for the chinese to start buying gold, gold might go a lot higher when people start to panick.
Cheers,
LGL Price at posting:
$3.66 Sentiment: None Disclosure: Not Held
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