|Gold at $1737|
Today Gold jumped again up to $1737. In Euro it is at 1355 and is closing the historical record of 1377. This growth is not surprising as it became clear a new inflation blow is to come after FED announced the QE3 and ECB announced its OMT. A river of money is to flood the markets and this is expected first to affect the Oil, Food and Gold.
The level of $1737 makes all my previous prognoses right and
advices profitable. Now I can advice to close all long positions in Gold. Then
wait for a correction to $1690-1700 and buy again. I don't think Gold will
rally immediately to $1760 or $1800. Till the end of the year this will happen,
but not immediately. I think there will be a good chance to buy around $1700.
So now sell at $1737 closing your previous positions and renew them when the market is back at $1700.
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