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Friday, January 17, 2014

Gold poll result

Do you think gold

is making a major bottom in this area and will make new highs
  11 (40%)
is likely to have more downside, but should find a bottom make new highs
  9 (33%)
has ended its secular bull market and it may be many years before making new highs
  7 (25%)

That was interesting.  Nearly equal splits there.  I think there is a case to be made for any of the three answers.  The current bear market may be over or not.  The threat of global deflation is real.  Christine Lagarde from the IMF just warned about that recently.  What will gold do in that situation? I actually have no idea what is going to happen to it from here.  I was hoping you guys would be able to help me out, but I guess not, LOL.


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The information in this blog is provided for educational purposes only and is not to be construed as investment advice.