Gold is marching upward, showing great technical strength. This is the Great Global Gold Bull Market, The gold market is subject to very large and complex amount of psychology. Ignore any publication / observation / commentary which try to call a top for the price of gold – this is foolishness at best.
No one knows how high the price of gold can go but the upside potential continue to be much greater then the downside. Gold can and will multiply in price in terms of most if not all national currencies. In my opinion the only reasonable prediction is that the price of gold is going to be unreasonably high in the future.
Gold is still recovering from the 1980 – 2000 bear market, the real gold rush will start once the price of gold makes an all time high / add another digit.
If you browse this blog archive you will find good information regarding the global gold market along technical analysis, important gold market news and interesting links to other resources related to gold. If you are interested with mining stocks see - Gold, Silver metals mining stocks, if you are interested with commodities in general see – Commodities Charts and Elliott waves. For Elliott wave analysis try Elliot wave international .
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