Gold (above) has been in a seeming parabolic rise, even as other commodities (such as oil) have stayed rangebound of late. What is the significance of the gold move and where might gold be headed? Here are some worthwhile perspectives:
* The problem with viewing gold as a trade; excellent insight from Simon Gillis; see also Simon's surprising observation that gold is *not* historically overvalued;
* Russia and other nations increasing their gold reserves;
* Weekly gold survey shows continued bullishness;
* China to become world's number one gold consumer;
* Perspectives on where gold is headed.
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1 comment:
Even though Gold is on a parabolic upward trend, it cannot sustain it. I believe Gold has reached its high already and is on its way down most likely toward $1160 before moving up again to retest $1220 level.
My 2 Cents...
Michael from http://investlongandshort.blogspot.com/
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