Jim Cramer was out today saying gold will hit $2500 in 18 months and, although I’m not crazy about him, I like gold going higher in the short term.
Two days ago I wrote here that a bullish reversal in gold could be underway and the close today above $1752 is outright positive. The next level to watch (as someone pointed out in the comments earlier) is $1772, which is the 61.8% retracement of the September rout.
