Is The GOLD BULL MARKET OVER?

Question

Or has it yet to begin? Are you buying or selling ? Holding

Stage 1 of gold’s present bull market began in July 1999. It is marked by the selling climax that flushed out all of the remaining weak hands, which occurred after the Bank of England announced that it was selling one-half of its gold reserve. Gold touched $252 during July 1999, and has not been lower since.

It is now eight years later, but gold remains in stage 1. There is still widespread apathy about gold’s potential, mainly because there is still widespread belief that the Federal Reserve is attempting to control the growing inflationary pressures that are destroying the dollar. Relatively few people are watching gold, and even fewer understand the importance of owning real, physical gold at this moment in time as protection from the dollar’s problems. But that is about to change.

The above chart is telling us that gold looks ready to make a new all-time high. When that happens, stage 2 begins. There will not y

Answer 1

I agree with Eric Bolling from CNBC's Fast Money. I think we're only about half way through the cycle. I would guess that we should see it break that $700 resistance in a month or two and then shortly after exceed last years high and then take off from there. I bet low to mid $800's an ounce within 12 months.

Answer 2

No, Gold is not done yet. There has been no real reason for gold to go up lately. From an American economy stand point, Atleast Yet. As you said inflation is low in our country still.

In the future years to come. We will hit a period. Where the feds are not going to be able to control inflation. Where they want the levels to be at. Interest rates will reach a point. To high for our economy to handle. So, for a period. Inflation may just be a problem.

Answer 3

Gold will hit $1150 in 09 ^_^

Answer 4

there is no longer any thanks to get certain income from making an funding interior the inventory marketplace. The inventory marketplace has skill for severe returns yet with that comes a severe skill for loss. also, even as you're short on funds, you would possibly want to keep up the money you've, i.e. save it in funds, so as that you do no longer run the danger of dropping all of it. imagine of of this kind, enable's say you've $500 interior the inventory marketplace and also you would possibly want to need to pay for a medical bill that expenditures $500. you would possibly want to no longer stroll into the final practitioner's place of work and say that you've $500 in stocks so that you will be treated. even although, once you've $500 in funds, you will pay the bill and get treated. yet another component that i opt for to declare is this finished business enterprise of "getting funds interior the inventory marketplace" is quite a group of close-minded garbage. i be attentive to someone who invests in stocks and in a three hundred and sixty 5 days he has gained 30% go back. His father remarked that that is consumer-pleasant to get addicted to "hardship-free funds" and this human being i be attentive to obviously took exception to that actuality from his father. That 30% go back grew to grow to be into mistakenly said as a "income" yet that is punctiliously pretend. look, there is no longer the type of component as a income or loss till eventually you get the money for your hand. enable's say that you're making investments $1000 and in a three hundred and sixty 5 days, that $1000 will grow to be $1300. in case you do no longer promote your investments, you've no longer made any income, yet quite, your funding has grown in value. in case you do no longer promote, your so-said as income and losses are truly on paper and they at the instantaneous are not quite income.