Gold is under correction

Gold is taking us on a roller coaster ride that I’m sure has many people concerned. However, long-term gold bulls can rest assured that this is not the type of price action typical of bubbles; when bubbles pop, they don’t retest highs for many, many years. Gold on the other hand is making new highs, correcting, then making new highs. If anything, the price action suggests a big thrust upward once we get this correction behind us.

 

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@ginger do you mean that it is good to keep investing in gold because you believe the price is going to continue to climb?

 

Yes, Price will go high upto the end of next year.Let us see the fire!

 

Amen Ginger

 

hahahah. good! you said amen. We are growing in confidence that physical gold demand continues to prevail on dips.

 

I say if you are fast enough buy on the dips and sell on the upswing.

 

Yes i had some gold investments in last two years.Still looking for a new high to sell them on profit.

 

Ginger from your mouth to God's ear, I hope you will make the profit.

 

Ginger please keep us informed about the profits like you always do.

 

my new prediction for 2011 gold high at $1,500.00 and silver high at $24.00. remember this is only the high's. many have predicted 2010 high at $1,500.00 and 2011 high at $2,000.00 for gold. which is very much higher than mine. let's focus on the average gold and silver prices for next year. my prediction is that gold will average around $1,375.00/oz. and silver at $21.75/oz. to $22.00/oz for 2011. tell me what you can predict or guess. after all prediction can be mistake too.LOL!

 

Buying interest in gold may be less in next two weeks. Let us watch the market.

 

But now Gold is getting ready for another upmove.

 

LOL thats a good predictions you made but as far as gold is concerned i think Gold during the end of 3rd quarter will touch high at 1,350 to 1400 $ , yes i have shortened the range

 

I think we will have best high in 2nd quarter. Let us wait and see how the market will behave in near future.

 

So Ginger what you are suggesting is that gold will only increase for now, as its setting new standard of resistance level, so its a good time to buy futures of Gold right as the prices wont fall anytime soon , by the way, what is your view on buying a call option of gold?
Thanks for the info though , i have been reading your posts on this forum and i have to say they are very informative. Thanks for such informative posts Ginger.

 

First, let me thank for your commenting on my posts. Well I was holding gold for next couple of months to see an up move in prices. I hope I will enjoy good profit in gold investing.

 

I hope you will , but i dont think that they will move upward , as far as my view of the market is concerned, but best of luck for that, i hope they price surge like never before

 

I agree that price have already surged. But look at the demand; it is still increasing day by day.

 

Yes It is started on the upmove.Watch the prices in coming weeks.

 

interesting prediction, wish i had some gold xD