So, while I know you are hearing many who are looking for 5000, 7000, and even 10,000 in gold in this rally, I strongly doubt that potential at this time.
While there can be long phases when contrary indications are in place but stocks continue to rise or remain aloft, public sentiment will always be over-bullish at important market tops.
The gold market is probably going to fight initially between the 100- and the 18-day moving average, if that gives ground, maybe down to the $2540 level and fight another battle there.
