Risk according to market pundits, blogs and for payment advisers is on one minute, and off the next, causing the gold market to roar and wane.
Hedge funds are the real cause of the moves by painting the charts intentionally or by accident. Amateur technicians run and jump constantly making contributions to the gold banks from their piggy banks.
1. Leave your emotions at the door or get out of gold.
2. Gold is going to $1650. About that price objective I do not have the slightest doubt.
3. Gold is going to $1650 on or before January 14th, 2011. According to Armstrong the gold price will take until June of 2011 and go much higher.
This is just another time like many in the past, and some in future, where you go to the hole you have dug, jump in and pull a rock over the top. Peek out daily between July 8th and July 15th.
Yes, read JSMineset every day.