This is a discussion on gold prices beaten down within the Commodities forums, part of the Investment Options category; http://www.kitco.com/charts/livegoldnewyork.html gold down at $ 657 levels any more correction should take it to a ...
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http://www.kitco.com/charts/livegoldnewyork.html
gold down at $ 657 levels any more correction should take it to a downward trend, long term is safe for gold |
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I think if the situation in the Middle East continues to worsen gold could go to $1000 easily. If Iran and Syria get involved it could go to $2000. But, then again that might mean nuclear war and if that happens, who cares - we're all dead anyway.
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The situation in the Middle East is as bad as it has been for years and just when it had gone quiet on Israel's borders for a while. I think the historical link between the Lebanon and Iran is really upsetting the already wobbly applecart
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