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<p>[QUOTE="WmsJewelers, post: 345312, member: 12564"]Gold has been pretty flat for the last few weeks but if you look at trends it has been doing this for the last 4 or 5 months. Gold will jump up 40-60 per oz in one week then it will drop about 20 where it sits for 3 to 4 weeks. Then it breaks through the last peak and goes for another 50 per oz. Review the charts for gold since around September or October and you will see this pattern. </p><p><br /></p><p>I expect gold to break the 1k mark by the end of the month and I think silver will break the $21.25 mark which shows to be alot of resistance at. After we break those marks though I think we will see a new level of gold and alot more people will get into the marker pushing the price higher. By about summer time we should see gold around $1150 and silver about $27.50. At that point we will probably have alot of resistance of $1200 and $30.00 as we are having now at $1000 and $20.25[/QUOTE]</p><p><br /></p>
[QUOTE="WmsJewelers, post: 345312, member: 12564"]Gold has been pretty flat for the last few weeks but if you look at trends it has been doing this for the last 4 or 5 months. Gold will jump up 40-60 per oz in one week then it will drop about 20 where it sits for 3 to 4 weeks. Then it breaks through the last peak and goes for another 50 per oz. Review the charts for gold since around September or October and you will see this pattern. I expect gold to break the 1k mark by the end of the month and I think silver will break the $21.25 mark which shows to be alot of resistance at. After we break those marks though I think we will see a new level of gold and alot more people will get into the marker pushing the price higher. By about summer time we should see gold around $1150 and silver about $27.50. At that point we will probably have alot of resistance of $1200 and $30.00 as we are having now at $1000 and $20.25[/QUOTE]
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