A few years ago someone saig that when the real gold bull got going there would be $100 moves in gold, both up and down.
We have seen two $100 down days in the smackdowns such as the recent overbought correction compounded by yet again increased margin requirements.
I look forward to seeing our first $100 up day, and I intuit that it will happen in this next drive up. We have worked out the overbought and are now in a much more favorable base for the next upleg. yes, it may take months to materialize, but I think sooner.
Between where we are today and when we blow through $1920, do any of you expect we will see at least one $100 up day?
GS