Comment: Gold solidly under $1300 - $1200 next week

(See in situ)


Gold solidly under $1300 - $1200 next week

Still trying to make up its mind about $1280.

I need to update the chart in this thread, or make a new one with an updated chart.

Here's what it looks like now:

http://imgur.com/Yuxkliw

(Live chart here: www.barchart.com/charts/futures/GCZ13 )

- &&&&& Prediction &&&&& -

Gold might catch a bid later this week as the argument in Congress gets drawn out.

It might even get stretched out over the weekend.

However, they WILL come to a deal.

Once the deal is done, gold is going to fall like a rock -probably all the way back to 1200.

We'll likely see 1200 next week.

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.