$900 Gold Bars Are Back

Get in while its still cheap, or is Gold still too expensive?

Bulls say:

Gold is starting its treck back to $1000 and if you aren’t buying now you will be buying later. The heavy volume move Friday puts Gold not only back at $900 but also above the key bearish trendline that has formed since its peak in mid March. Also, $850 support is still in tact and Gold has just completed its first set of higher highs.

Bears say:

I don’t care what gold does technically, the dollar is strengthening and commodities are screwed long term. Bubbles are meant to pop. Any other questions?

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Comments on "$900 Gold Bars Are Back" are closed unless our forms appear below.

Comment by Llama Money

2008-05-19 12:21:36

I’m still expecting to see a little more movement down before the trek back to / over $1000. Maybe we’ll touch $850 again so I can pick up a couple oz’s?

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Comment by Blain Reinkensmeyer

2008-05-20 12:19:30

I don’t know if we will see $850 again, but patience does always seem to pay off. The technical buy point has passed for now from what I see here. Gold is having a nice follow through day today climbing back above its 50 day moving average

Good luck out there,

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