CommoditiesTrader
Long

2013 LOW IN SIGHT FOR SUPPORT OTHERWISE $1,108 DOWNSIDE TARGET 2

COMEX:GC1!   GOLD FUTURES
Gold             seen support, forming a triple bottom near 2013's low, which still remains solid support. $1,239 still remains an intermediate target before higher longer-term resistance levels are reached.

In my opinion, given the overall bearishness, if the economy and such was so remarkable, gold             would have sank by now. Even four-year highs on the DX             couldn't send it before. Gold             , for lack of a better term, is a hedge against central bank and government idiocy, which has reach historical levels.

Gold             is a means to an end. Ralph Waldo Emerson said "the desire of gold             is not for gold             . It is for the means of freedom." Goldman Sachs won't scare realists from a real asset.
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