Today’s column was on the short- and long-term breakouts in gold. Let’s do a quickie poll on where everyone thinks it is going. If we listen to the inflationistas, gold is going to 2 grand thanks to all the money Uncle Sam is printing. If we listen to the deflation crowd, gold commericals are way short and gold small specs are way long to set up a tumble. And that does not include the damage to the economy that will take a long time to fix.
The time frame says year end but it is not a forecast for 12/31, just a “by year end this will happen at some point.”