Wednesday, March 5, 2008

Is gold’s bull run over?

Is this the end of gold's great bull run?

Gold mounted a grand assault on the important $1,000 mark this week, only to suffer from a nasty correction. Will the precious metal manage to break through the four-figure mark next time?

Posted by damien @ 12:44 PM (585 views)
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8 thoughts on “Is gold’s bull run over?

  • The fundamentals of this Gold run have not changed: the dollar is tanking and Bernanke seems dead keen on lowering rates to save the day, the effects of the housing/credit crunch are no where near over and returns on Gold are way above stocks meaning people will continue to switch/pile in. Any sell-off is a Buy opportunity.

    In the 70s you could buy the average UK house for 80oz…

    Nick.

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  • sold 2 rent 1 says:

    I am hoping for a correction down to the 50dma at around 890.

    If this happens then the final leg will be longer and higher than the article suggests.

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  • Doesn’t look like it.

    $985 now. I can’t see gold losing its shine until the banks have fessed up to the missing $200bn

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  • Back for new all time highs in the not so nervous 90s s2r1 – wouldnt be surprised for an exhaustion gap, or if we go vertical spike to exhaust. We might get the correction (actually and the rest!) after that s2r1.

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  • It’s just hit $990 and rising!

    £ hit a new low vs Euro.

    As predicted……..

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  • Frederick Charles Smith says:

    Gold will go to at least $3000.This is early days.

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  • little professor says:

    waiting for goldpricecrash.co.uk to be set up.

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  • Frederick Charles Smith says:

    why was my comment not posted?

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