Is Gold In The Midst Of A Blowoff

Gold has started to go parabolic in the past few weeks. That usually means that it will either keep going up hard or start going down hard. Rarely does something just meander after moving like that. When an eventual high does arrive, could that cause a rally in the dollar and a move lower in stocks. Could that be the catalyst for a real correction in the markets?

2 comments:

PJ said...

More likely that the rise in the dollar and fall in stocks is the catalyst for a U-turn in gold ... the fundamental story for gold is sound, and dips in gold will be treated as buying opportunities unless a change in investment environment is confirmed by reversals in stocks and dollar.

Tsachy Mishal said...

I was referring to a short/intermediate term peak, not a secular peak.