Gold on Fast Track to $1200
By Mark Brown
November 17, 2009
Well, the long-expected retest and subsequent breakout of ‘$1,000 Gold’ has finally occurred, with the rally taking the cash price of the metal to the north side of the $1,100 per ounce level in relatively short order. The big question now, of course, is this– does Gold have enough investor interest behind it to push it to the next significant price level, $1,200?
Let’s examine a long-term chart for cash Gold to see if we can find out if Gold can reach that price target before correcting again.