Welcome to GOLD (XAUUSD) forecast topic 
I will follow and update this forecast in course of time.
Current price 1163
Target 200-400
Forecast
Mid term: -----no-----
Long term: Short at 1163, STOP 1345, Target 200-400
I will follow and update this forecast in course of time.
Current price 1163
Target 200-400
Forecast
Mid term: -----no-----
Long term: Short at 1163, STOP 1345, Target 200-400
Just compare the current media coverage regarding gold and the similarities to the coverage in 1987. The headline was the same, bur it was the bottom of the downtrend and gold multiplied its value 3 times in the following 12 years.
Armstrong released a good article about it just a few days ago.
Another thing to look at is these large banks dumping gold, and waiting to buy back in.
I believe it was JP Morgan who once (maybe more than once) sold something like 550,000lb of silver, on Dec 31, only to buy it back the next day for slightly less, and it helped their end of year accounting.
Anyway, its pretty evident that demand for physical is still high. Thats how backward the world is right now, demand is through the roof, yet prices are dropping. I wouldnt be surprised if whoever dumped the $1.5 billion of gold is planning on buying back soon.
Aaa-ha. Buying later.., after ten decades for sure, maybe.. Will stay at price 200 forever.