Loading ...Re ripe for a correction.
web are approaching that top line on the spread Hui/Gold…and as u say already well stretched…that could well trigger a reaction and cause the mkt to hesitate, to build the power to break out.
That said the Adens are saying we are in the parabolic phase of the bull, that shud run until 26/27…and that buying here is ok ….they are saying $10,000 is quite feasible, with silver way out performing Gold, and the shares way out perform Silver….
They even quote a friend , another analyst who has said $ 25000, would represent 17 % of the debt…..a nice reduction in the Debt risk. This is the first time they have mentioned the idea of useing Gold to reduce debt risk, so u can bet that talk is now going round the Gold World……Although they have constantly quoted how CB’s are the main buyers driving prices, due to their size….
this chart shows both the Monthly range top line and the close….which has just broken but the month has yet to end !!!!!