Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Gold Looking Good

|Includes: Randgold Resources Limited (GOLD)

Hi folks, i've been following gold for sometime now. Gold has been dropped from 1800 to 1600 2 weeks ago and kept being flat ever since.
My personal idea is that this price should be the right price for Gold in absence of speculation activity.
The price touches 1600 on a couple of accassoins last year and drop as low as 1530 due to Christmas fund withdraw.
My opinion is that 1600 provide good support for gold.
I think it will be good to long gold at this moment.
However, I will keep my eyes on the gold when it touches 1800. I don't see there is a big demand change for physical Gold.