Gold Possibilities
On balance, I still expect a short, sharp move upwards in the next few days. An equally sharp pullback is then quite likely, before an attempt at the all-time highs. The question then is, do we blast straight up as a result of the monetary chaos, or do we spend many months, perhaps a year or more, building out a handle ? Something to think about.
I dont think we do a handle. We didn’t do it in 2001-02.. maybe a very small one. Unless another liquidity issue with markets… it’s up up for gold.