Who here think Gold will break above 2K very soon?

[Innervoice]

I think it will and I am looking at the gold miner stocks. I think once it breaks above, its going to rip !

 

[expiated]

Who here thinks gold will break above 2000 very soon? Probably just about everyone.

 

[SunTrader]

It already did break above $2000 ... twice three times.

Back in March of last year, and twice this past week Monday and Wednesday.

 

[SunTrader]

This evening on Globex opening Gold is breaking .... down.

 

[Specterx]

Gold is headed much higher when the Fed cuts rates and resumes QE. When that will take place is anyone's guess.

 

[SunTrader]

Gold is headed much higher when the Fed cuts rates and resumes QE. When that will take place is anyone's guess.

Although the financial press hasn't talk about it much The Fed last two weeks resumed QE, in all practical purpose, by reversing QT - a lot.

As well as raising 25 bps instead of 50.

But why do you believe Gold is heading much higher after trillions and trillions of QE and ZIRP for years already?

 

[tomkat22]

Anybody remember the old infomercial for "Channeling Stocks"? It used to come on at about 3 am. Seems like Gold would be a good candidate for such a strategy. Buy at around $1700, wait for it to climb to $2000,take profit, then short it and watch it head back down to $1700,which it is almost guaranteed to do.And just keep doing that until the end of time.

 

[SunTrader]

I try not to get my winners from 3am TV.

Besides that would get in the way when Europe opens for us East Coasters.

 

[maxinger]

The gold uptrend started in 2019.

Now it is moving in a big range from ~1640 to ~2080.

It will continue to move in this big range for the next few months/years/decades
until the chart says otherwise.

 

[schizo]

It will likely go up to 2100-ish before reversing.

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