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The gold markets had a relatively tight range for the previous week, as we consolidate just below the $1800 level. This market looks like it's ready to take a rest and this of course makes sense considering how much the market has ran up over the course of the last month and a half. However, this does not change her outlook, and it does not change our look at the $1800 level as a significant hurdle to clear.
If we could manage to get up close above the $1800 level, it would make sense that this market would first run to $1900, and then to $2000. This won't necessarily happen overnight, but this is without a doubt what we believe will happen over time. As for selling gold, we will not do it until were well below the $1500 mark, something that isn't anywhere near current levels.