This is only the beginning.
we WILL hit 990 gold then 880 760 a nice spot fro retrace. King Dollars dance is going to make this go down.
They stopped the dollar rally for awhile. But we go higher and dollar denominated crude is going to hit 28 bucks wti.. my opinion. When the Pension funds drop the commodity funds we will fall like a rock. Gold is an imaginary hedge. Only trading this high because the fast oil money is resting here. DEFLATION means money LEAVING Sector
it will be the start of the withdrawing of massive liquidity in the markets, gold will not be a immune. We will see the mo mo traders leave on the break it will break HARD