The model gave a weak sell signal for gold this morning; I'll wait.
Gold hit a new record high yesterday - it's around $1,270 per troy ounce now. Central banks are buying. The public is buying via the ETFs.
My intermediate/long term target range is around $1,500 to $1,666 on this leg up, hence I think there is more upside. I'll do some selling beginning around $1,500, though.
A short post today as I overslept.
Word of the Day
"Effulgent" - adjective [$10] literary
Effulgent means radiant, shining brilliantly.
Sentence: A pile of effulgent gold coins is lovely to behold.