Saturday, January 24, 2015

Gold Price: Bull Run Or Bear Trap?

Gold has been on an upward tear these last few sessions, suggesting that there is every possibility that a bull phase has begun for the monetary metal based on certain macro-economic factors. But does the current move portend a trend? Or is this just yet another one of those booby traps gold’s market puppeteers are now famous for?
Is gold going to climb into the near-$1,400 range before Jeffrey Currie proclaims “Short Gold!”, presaging an utterly reckless overnight sell-off of gold futures overnight in Tokyo?
short gold
On April 10, 2013, Jeffrey Currie, lead analysts at Goldman Sachs, was quoted in the Wall Street Journal with the highly manipulative “Goldman Sachs:Short Gold!” headline. (Click to link to that story on WSJ)
Or, is gold going to resume its relentless climb akin to the 2002 to 2011 period, where each year gold notched double digit gains? Will we actually see gold at $2,000? (more)

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