Missed me out Daytr my pick was $1605oz
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Sorry knew I should have re-checked! All included now. Cheers DT
Looking at the 1 year chart it looks like we have a double bottom now in place, even on the 5 year there is evidence, however probably need gold to crack $1260 to be confirmed. I always prefer a 2 year chart for this sort of thing, but couldn't find one quickly. Obviously it would display something in between the two & more than likely confirm the double bottom. We should see gold challenge that $1260 area for mine but it needs to crack that. There is small lines of resistance above that, but the really big resistance kicks in at $1380-$1400 area as I see it.
Cheers
Daytr
http://www.kitco.com/LFgif/au0365nyb.gif
http://www.kitco.com/LFgif/au1825nyb.gif
Yeah I don't think anyone will mind airdale. Cheers Daytr
If I'm not too late, I'll go $1720.
Ok gold pick comp officially closed. Good to have a few more picks in there. We are a bullish bunch, but not as much as the HC picks.
Our average target is $1332, on HC it was $1703 & that was by removing the highest & lowest picks!
Full list of picks below.
NZ Picks POG Name $1,398 Daytr $1,460 Digger $1,370 Bobcat $ 970 Skol $1,170 Clip $1,555 corran $ 850 Moosie_900 $1,605 JB Murc $1,320 airdale $1,234 Yankiwi $1,720 Stranger Danger
Different analysts have different ideas on gold. According to some it is expected to see modest recovery in 2014. On the other hand some are very bearish on gold and it is expected go down as low as around $600. It is very interesting. I believe there could be some bull commodities in 2014. Moreover there are attractive opportunities in global stocks markets than investing in gold market. It is also expected that USD could become bull currency in 2014 and 2015. It will be the game changer in many ways. I am one of the big bulls for USD and one of the big bears for both AUD and NZD. No commodity will stay high or low for ever. As I said now it is going to be different ball game. It is expected that some sectors are going to benefit lot in the coming years. We could see emerging commodities, stocks and currencies. Have a great 2014.
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.
Can anyone recommend some good books on gold? I want to get a much better understanding into what drives the price.