Will Gold Rush to 1,000?

click to enlarge

Above we highlight our trading range charts of gold, silver, platinum, and palladium. The green shading represents between 2 standard deviations above and below the commodity's 50-day moving average. As shown, all four of these precious metals are currently trading right in the middle of their trading ranges.

Comments

[DmytrenkoArtem:]

their charts looks bullish + FED and others begin tolks about inflation.

Jun 26 04:26 AM

[HA65MPH:]

1,000.00........YES, AND A BIT'' MORE !...

Jun 26 10:20 AM

[Mongoose:]

1250 in March 2010. engrave it. Good fortune traders.

Jun 26 11:55 AM

[Donald Ingram:]

The prices will be mainly flat during the remaining 'doldrums of Summer.
Look out after Labour Day. Buy now because it will be the last time you may purchase physical gold for under $1,000 for a long time to come.

Jun 26 12:35 PM

[I need more...:]

I've been seeing the same article title forever it seems. Gets old.

Jun 26 12:53 PM

[Mayascribe:]

Who do you guys think you are? Peter Cooper? Gold to $1000?

I hope so, but it seems that SA pundits are crying wolf, again, right out there in the middle of the "range."

Jun 26 06:18 PM

[Market Sniper:]

Nobody knows what happens next. However "rush" maybe too strong a word. In as much as there is a short corner being worked in the futures market by two banks who are also the custodians for the gold ETFs, we seem to be just meandering higher. Anybody else notice that for a very long time, the last digit of the year is the first digit of where gold trades predominately for that year? 2005..in the $500's, 2006..in the $600's...etc. notice 2009? In the $900's. Based on that coincidence, gold will be at $2,000 in the year 2020. LOL...just kidding.

Jun 26 09:10 PM