The fact that gold and silver are making parabolic moves of late is a little concerning (compared to the nice paced trudging up the previous years). It may just be because it has been 'discovered' by the masses but things that move higher fast can fall just as fast too. Plenty of uncertainty in the global economy to justify gold going higher but often if stocks crash gold soon gets sucked down with them. If things are really bad (defaults, war deleveraging, and such) then gold could race to the moon even if temporarily taking a dip. Chris Vermuelen at Technical Traders was thinking there was some more room at the top but there might be a shakeout in a few weeks. Great time to be owning it but it's had quite a run.
The fact that gold and silver are making parabolic moves of late is a little concerning (compared to the nice paced trudging up the previous years). It may just be because it has been 'discovered' by the masses but things that move higher fast can fall just as fast too. Plenty of uncertainty in the global economy to justify gold going higher but often if stocks crash gold soon gets sucked down with them. If things are really bad (defaults, war deleveraging, and such) then gold could race to the moon even if temporarily taking a dip. Chris Vermuelen at Technical Traders was thinking there was some more room at the top but there might be a shakeout in a few weeks. Great time to be owning it but it's had quite a run.