Where is gold heading from here?

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Where is gold heading from here?

It sure has dropped since $700. Is the boom over?

2006-09-26 03:49:14 · 2 answers · asked by Sam S 2 in Business & Finance ➔ Investing

2 answers

Nothing goes straight up. Gold had a good spurt there for a while but it needed to pull back, regroup, and get ready for the next upleg.

Best of success.

2006-09-26 03:53:11 · answer #1 · answered by Thinker 5 · 0⤊ 0⤋

The fed is done tightening. The 10 year bond is lower every day. Bond guys aren't worried about inflation. Gold still has a lot of speculative money in it. I would not buy it now. I see 500-550 as a range for it.

2006-09-26 05:04:49 · answer #2 · answered by tank_dogg2006 1 · 0⤊ 0⤋