Is this The Cliff

Nadeem Waliyat's immediate target is a low above $1550, see the Gold chart mid-way down the page. Commentary well worth reading.

His 2013 target is USD$1726-1826 "not exactly what many gold bugs will be dreaming of i.e. a 1970's style spike for which I do not see any signs of materialising at least for several years" - I agree with this. He also calls for a fairly high probability of a DOWN year in 2013.

 

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