With gold apparently in a new bull market there is lots of speculation on how high it can go. Of course there will be many spikes and pull backs along the way. Those who correctly time their sales and purchases will obviously reap greater profits and more importantly, achieve godlike status among their fellow traders.
The purpose of this thread will be to chronicle the calls of the brave souls who care to stick their neck out. In the end it's all good fun and thats all that matters anyway. So join the party and give us your best wild arsed guess. Feel free to change your view at any time.
To make a guess try to pick how far gold runs on it's current leg before it makes a 10% correction. I'm looking at the current leg having started at $298 and as of today we are at $368. How high do we get before we pull back 10%? If you think $400 then we would need to drop $40 from that number to count. When we do get a pullback guessing the lows will follow the same rules. We must advance 10% off of whatever target low is called.
Try to make the number the first thing in your post. No bashing of anyones guess or you will be banned.
Daily and weekly gold charts for pondering.
stockcharts.com
24 hour live gold.
kitco.com
Latest high: $390.10 2-4-03
10% correction=$351.09
The winners will get the chance to bid on my BRE-X shares in a private placement.
Good Luck
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