Loading ...yeah, I suppose gold could go to 1180 or 1300 or lower or higher. I don’t think T/A works in this market, nor do I think inflation, deflation or the USD have any bearing whatsoever on the price anymore. Someone is bound and determined to keep gold around 1200 and someone else seems bound and determined to keep it from going much below that.
The best I can figure is that they can bankrupt the most amount of miners by keeping it right here so when S really HTF they can pick up miners for nothing.
PM’s have been flat lining for months now, a patient without a pulse. Nothing close to normal market action.