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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 423.31-0.6%Jan 15 4:00 PM EST
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To: gold$10k who wrote (25531)8/21/2011 6:55:29 PM
From: carranza22 Recommendations  Read Replies (1) of 29622
 
No correction yet, not at the moment anyway as gold is up 22 last time I checked.

If any significant correction is to take place, it may be around the 2200 level when gold reaches it's previous inflation adjusted high. However, if the troubles continue, look for gold to keep going higher.

Even a correction at the 2200 level should be temporary. Phony inflation data and a ZIRP guarantee for two years suggest the run has at least a year to 18 months to go, minimum, though the ride may well not be smooth.
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