Agoracom: Small Cap Investment - Stock Synergy, Momentum & Breakout - Re: Gold 2012 - Succumb to Profit taking or the race to $2,000 /oz?

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Klaus

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Re: Gold 2012 - Succumb to Profit taking or the race to $2,000 /oz?

in response to

Gold 2012 - Succumb to Profit taking or the race to $2,000 /oz?

AGORACOM

posted on Jan 24, 2012 05:52PM

Gold is in the midst of a very large consolidation pattern. Not surprising, given the extensive run. Consolidation is likely to continue for several more months - moves will likely be erratic and unpredictable until it starts to trend again.

Most likely outcome is another leg up starting sometime in the last half of the year. 2300 is not out of the question.

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