Friday Gold Report from the Chicago Resource Expo
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THE WINDY CITY….., AL, FITS RIGHT IN……
The only fact that matters is the 10-year chart for Gold. It speaks Truth, fact, reality. Gold goes up slowly but steadily. It speaks to the global economic situation and the poor choices that have been made in terms of monetary policy. Short-term predictions are meaningless because they lead to emotional decisions. Gold $3,500 Silver $150. And if you think this conservative estimate is eccentric, look where Gold was in 2007 and where it is now.
Jed,,,,I agree with you…..long term…..I even think your gold price and silver
might be low….., but, I have been saying silver over $125, for a long time…..
DOLLAR DOWN…., RICH SAID IT ALL,” what’s new….”.
Al, according to my charts, the odds next week are that the dollar will rebound along with gold and the general markets moving down. This is based on charts that I watch apart from the narrowly focused PM and dollar charts. The dollar could move down minimally next week but the odds are in the next few weeks it could actually break to the upside. It the nuances of multiple charts that often tell the story.
I shall see you there tomorrow 🙂
Boy Big Al,
It (PM analysis) doesn’t get much easier than what Rich just said…long term…no brainer.
Enjoy Chi-town. Be safe and, of course, all the best!