Although sittton the sidelines is a position. Wr are at the low or bottom if you will. This train could rum fast off the tracks
. 1700 oz gold is now psychological. Go ahead and get long now and position your wealth and rewards
Just look at the last week - gold jumped on certain weak reports, and dropped just as fast on others. There simply is no compelling reason (at this time) for gold to hit $1700, especially when the stock market seems like a 'no lose' bet. If anything, some investors are selling gold now and buying stocks.