rjchilia123

A look at Gold in 08 recession

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Remember during last financial crisis Gold/Silver fell. Dropped 33% toward the end of 10 year 659% bull market followed by 178% rise. Except we have much more qe, lower interest rates for longer, going to be higher inflation, worse economy, more government, more bailouts coming. All the problems are much bigger now and Gold is much earlier in the bull market than in 2008. We may see more weakness in Gold but it will all be a buying opportunity my target is around $5000 by 2030 if not higher.
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