Gold should soften to $550-$600 range by early nextweek. Buy on dips. Next support at $500. Expect to take first profit at $750-$800. Followed by $900.
Let's see if history repeats itself again.
W. PS the usual disclaimer applies. Oh and dont bother about Copper or Zinc.
SINGAPORE (Reuters) - Gold hit a 25-year high of $700.70 an ounce on Wednesday as investors reacted to a weak dollar and tension over Iran's nuclear ambitions
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MARC FABER, who told investors to bail out of US stocks a week before the 1987 Black Monday crash and began recommending commodities at the end of 2001, said gold might rise tenfold in the next 10 years
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