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| Let us see. I might be wrong.
Today it is 940.
It will go below 900 by the end of August and then up and up in September beyond the 1,000 and probably stay there for a substancial time when people realise the QE makes money worthless.
It is logical thinking but the market seems incredibly illogical at the moment so you have to take that into consideration.
Let us hear your opinion then Dino, I am interested to know where you think it will be? | |
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my guess is that gold is going to stay weak short term as investors rush to ride the rally. I also guess that this is a sucker's rally which should collapse under the weight of realism soon enough, at which time gold will shoot up again. longer term, gold should be a good bet as inflation begins to eat away furiously at the value of the USD ...
but that's just a guess. my educated opinion is that people who know how this really works quietly bet on the market (with as little of their own money as they possibly can) - they dont go blabbering on CNBC and they certainly dont tell you for free on the English Forum.
