It is no surprise that gold miners in china are eating up gold companies as they are aware of what may be on the horizon. We will indeed see the price of gold shoot up but there are a few events and potentially black swans that need to take place this year still.
Yesterday EURUSD and GBPUSD hit the target perfectly while gold was on hold for the day, we could see gold bounce up and decline one more time before we start to get long term buys in gold. What sets this off is if gold goes above 1800.00 then we will need to think carefully about taking a long term position in it
Our target is 1.1160
Our target is 1.2320
Our target is 1.3700
Our target is 1779.00 -> 1712.28