Thursday , 23 May 2024

Gold Will Soon Revert To Bear Mode Trading On Way To $880/ozt. (+2K Views)

If gold were to start moving appreciably higher it would damn all paper currencies…and given the current fragile state of the global economic landscape…governments around the world simply cannot, and will not, allow that to happen. They sit on big stocks of gold and, if necessary, they will use those reserves as a tool to crush rallies. I believe, therefore, that gold will soon revert to bear mode trading. My price target remains at the $880 level.

The above comments, and those below, have been edited for the sake of clarity ([]) and brevity (…) to provide a fast and easy read and have been excerpted from an article* by Andrew Hecht ( & which was originally entitled Will Raging Gold Bulls Be Losing More Dinero? and which can be read in its unabridged format HERE.

Eventually, one day and maybe in a few years, all of the easy money policies will catch up with markets and inflation will rear its ugly head, but not just yet…These days we are staring down increasing odds for global recession or deflation. For now, the central banks around the world are in charge and…will ban gold from moving too much higher.

One thing I am sure of, however, is that in the years ahead – and from a much lower level – gold will wear the championship belt once again. However, not just yet – there is more dinero to lose.

As a bonus, I have prepared a video (one-time registration required) on my website Commodix that provides a more in-depth and detailed analysis on gold right now to illustrate the real value implications and opportunities available in markets today.

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