Good thread title !!I have some concerns about the Gold chart,...

Good thread title !!

I have some concerns about the Gold chart, do the professionals want us to believe that Gold will go to $2000oz, so the general market/retail will keep buying it, while they sell into them, thats exactly how they do business.

There are some signs of a begining of a distribution, so it may well get pushed up a bit more yet, while they sell (if thats what is going on).

A large distribution can take months to complete, a good sign is a mushrooming over of the chart, this is caused by them supporting the market a bit while selling on the up bars.

This weakness has only appeared in the last month or so, so we'll have to keep an eye out for what happens, It could also just be one (or a few) group/s wanting to get out, but others are still bullish and will keep supporting it.

Time will tell, I guess.

I wouldnt mind if Exco lock in some of these high prices, just in case.

cheers