GFMS latest observation :Continued Growth in Investment Forecast to Take the Gold
GFMS - A continued surge in gold investment demand has recently pushed the gold price through a series of fresh multi-year highs.In its Gold Survey 2006 ,GFMS forecast that this expansion in investor interest is likely to continue over the next couple of years,driving the price comfortably over the $600 mark before the end of 2006,with the potential for a new all time high in the longer term horizon
Here is a quick summery of gold short positions.
Gold and Silver mining stocks
Here is an intraday 8 hours chart of gold spot with partial Elliot wave count:
Gold spot afternoon fix chart 12- 1979 – 4 - 1981