Is the Gold market headed for a retest of $1900?

Will gold go back to its recent highs?  After experiencing a dramatic sell-off from $1917,  gold is set to retrace and test the top again.  Markets that approach bubble proportions often need to test a top and fail before a top is made.  That is what occurred when silver topped near $50, and after a retest a week after its initial high, a large sell-off followed.  Silver may not go higher but gold still needs to complete its journey.  Gold may still not be done until the pace gets very wild.  We may yet experience a move from $100 higher to $100 lower on the same day!  We’ll keep you posted!

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4 Responses to Is the Gold market headed for a retest of $1900?

  1. Chief says:

    What about copper?

  2. Chief says:

    Good! I was wondering what my 20 year old A/C unit is worth.

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