Chizza

Gold Poised to Move Higher

Yes, the fundamentals could not look better for Gold at this point in terms of money suppply. My question is how much of the current price has factored this all in? I like gold long term but to me it looks attractive at much lower levels. The smart money bought Gold in October and November. GDX is up over 100% in the last couple months. It is all over the headlines now, it is its seasonal time, retail demand is off the charts, and Gold is only at $870? When are these guys going to take profits? I agree the outlook for Gold looks better than anything else for the forseeable future but I am afraid that getting long now will end in tears.