Are we about to see a bull run in Gold?

zencapita Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
If you take a step back and look at gold, you can see a nice cup and handle formation on the weekly/monthly chart. Could we be setting up for a $GLD $GOLD rush?

While I have gold in my portfolio, I am no longer a gold bug. After studying it enough, call it God's money or what, I look at trends to see how the underlying pattern evolves.

What do you think? Could we see a new high in gold at around $2,500?

P.S. With all the currency printing being done by the US, could people be hedging for hyperinflation?
P.P.S. The $2,500 level is close to the 1.272 fibonacci level of $2,470 - incase it wasn't clear to see.

Be Bold.

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