Serving Traders Since 2005
Serving Traders Since 2005
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| Commodities and Stocks Commodities (gold, oil, silver, etc.) and stock market discussion forum. |
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29th March 2012, 14:13
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Where the gold is price is going?
Few weeks ago, when the gold traded around $1800, Bernanke said that this prices reflected a bubble in gold and his words crashed the precious metal all the way down to $1600. Do you think the gold can get back to $1800 son? Please explain why.
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30th March 2012, 09:05
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I don't think so. The gold looks to be in a downtrend still with the next medium-term target near $1,500/oz.
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9th April 2012, 12:21
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I think that a reasonable target of the gold price is 1700 but 1800 is quite unsafe target. I would prefer short term trading for this financial instrument.
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