from Walter Pehowich
How does one gage (no pun intended) the future movement in the price of gold? My best answer would be: by researching all aspects of the gold market each and every day; speaking to many different people, from traders around the globe, to folks at the Mints, refiners and dealers; listening to what the FED policy makers have to say and watching worldwide currency activity.
I’m always being asked, “What do you think the price of gold will do in the short term and for the year?” As in any market, trying to calculate the move in the next five minutes is always a challenge, if not impossible. And at times there will be conflicting information making it very difficult to put together a strategy.