Which Way For Gold? Up? Down? More Of The Same?

All right, so gold hit an all-time high of $4361 back on October 20 and then dipped all the way back down to $3968 by November 4th, before slowly making its way back to where it currently sits at $4150.

Any predictions for what's next?

Is this the start of the next leg up with prices poised to soar to $4500 and above by Christmas?

Will we see another big correction soon?

Or, as I am personally guessing, are we going to see it stabilize in the $4000-4200 range and just keep slowly bobbing up and down there for the foreseeable future?

looking at the charts is oftentimes like looking at a menu from Denny's that has cockroach tracks all over it... today's menu appears to feature the All-American Banker Slam. again. looks like a 2 for 1 special today.

despite the expected cockroach interference, I think the metals are establishing their respective new floors and will probably go through a continued consolidation phase. it wouldn't be surprising to see them trade sideways a while longer, but I doubt we'll see another big correction until after another juicy jaunt upward.

the pullback is officially over. gold's bull market continues.

(ps-- I don't eat at Denny's .... )

I bought some gold at the recent pullback.


If it does, I buy some more gold.

I actually got a decent deal on a pre-1933 gold coin. Will post it when it arrives.

good on you, NumisEd! another happy dip-buyer! can't wait to see what you acquired.

We are not even half way through the month, so there is still time.