The Deutsche Bank analysis warns that gold needs to fall further by 30% to reach $750 an ounce in order to bring prices back towards long-running historical averages. The bank analysis factors in world growth, the U.S. dollar, money supply, and central bank gold purchases with fair value calculated at $785 an ounce. Gold is clearly starting to build that force we have warned is required to make the major low. Then there is the extreme forecast of $350 published by Market Watch: Two reasons why gold may plunge to $350 an ounce.
Simply put, gold is going lower. Until there is blood in the street and roughly 98%+ are bearish on gold will it hit a reversal To bullishness.
Member Login Hi, (First Name) | Log Out
Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.