Everyone is concentrating on the stock market right now. Goldman's call for 1150 today sent the market soaring. Of course anytime Goldman comes out with any kind of public prediction it's almost always because they want to unload their shares.
Not that I'm all that interested in trading the market but if I was long, that call from Goldman today would make me very nervous.
In the meantime gold continues to creep higher. That's exactly what we want to see. The longer gold can stay under the radar the better. As long as everyone is focused on the stock market gold will be able to break out above $1000 and that's when the real fireworks should start.
Market Direction Change
2 weeks ago