Gold best buying zone 1300 long term 2500
So how low may gold go?
If we stick with a "structural support" assessment, the case can be made that gold remains in a more broadly-based 1920-1678 zone (which admittedly spanning a high-to-low range of -13% is a bit suspect to label as "support"). Thus more meaningfully, let's just say we don't wish to see last year's 09 August low of 1678 go.
Still, in honestly acknowledging gold's declining price, we have this from the "Been There, Done That Dept." Yet again, we find gold being naively negotiated as a commodity rather than as the currency it is. And thus, as the dazzling Dollar continues to get "the bid," other of our markets, namely Copper, Silver, Gold, and notably Oil -- all commodities in the eyes of the ignorant—are getting summarily whacked.
So how low may gold go?
If we stick with a "structural support" assessment, the case can be made that gold remains in a more broadly-based 1920-1678 zone (which admittedly spanning a high-to-low range of -13% is a bit suspect to label as "support"). Thus more meaningfully, let's just say we don't wish to see last year's 09 August low of 1678 go.
Still, in honestly acknowledging gold's declining price, we have this from the "Been There, Done That Dept." Yet again, we find gold being naively negotiated as a commodity rather than as the currency it is. And thus, as the dazzling Dollar continues to get "the bid," other of our markets, namely Copper, Silver, Gold, and notably Oil -- all commodities in the eyes of the ignorant—are getting summarily whacked.
