Monday’s tend to be slow days for me. I don’t know about you. Perhaps it’s because I’m trying to get back into the swing of things after a weekend where I didn’t really get all that much in the way of rest and relaxation because of work carryover.
And so I try to give myself some breathing room on Monday. To that end I answered some messages this morn and did some research while keeping an eye on gold with the free application, ExactPrice. As I type the price is $1,097.00. It’s been trying to breach the $1,110.00 mark and from a quick glance at the graph it looks like it got within .10 cents of it. What takes place between now and the close of the COMEX will tell a lot I have a feeling.
Anyway, there are two links I want to present to you that I think are worth some reading time.
This also suggests that gold’s next BIG MOVE might not be until summer arrives. That doesn’t mean that gold can’t move higher, but it does mean that the strongest time for gold will probably be the second half of the year and not the first half. However the dollar has a pretty good pullback seasonally at the end of March as well. If gold is indeed still strong and the underlying fundamentals that got us here are still in effect then the potential for gold to make a solid bottom could be in that March timeframe as well.
The next is from the Prudent Investor, Toni Straka.
Prepare yourself for a roller coaster ride in a year that will see a multitude of sudden repricings in all asset classes. After all we are not one step nearer to recovery as long as the Volcker plan does not become reality in the USA.
In Europe, the ride may become a level rockier due to mounting worries about the sustainability of the Euro due to the debt bubble.
Until next time.