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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (3732)	12/20/2013 11:00:00 AM
From: diddlysquatz	Read Replies (2) of 203855

Longer term gold is higher. Short term I think it will likely test US$1,000. Cost of production will cause a supply squeeze sooner or later but if we should have learned anything from the past few years it is that gold is a commodity and is completely influenced by supply and demand. Price has the biggest impact on supply and demand. Gold was up about 800% from the lows, that has to have an impact on both supply and demand and it did. You may be dead right about gold reaching $3500 but be dead wrong about the timing. Being wrong on either can make you go broke.

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