How high will gold go up?

I am not in the stock market right now, although I did buy some Gold ETFs much earlier. What I don’t really understand is that stocks, oil and gold are all going up at the same time. I thought stocks had an inverse relationship with oil and gold, but that doesn’t seem to be the case at this time.

Another strange thing is the stock market is still doing well, but the economy has not caught up. The US economy is actually floundering as we keep losing jobs and increasing the foreclosure inventory.

At this point my urge is to sell the gold into this rally. It is near its all time high of $1060 and I have made about 10%, but many of the contrarian big name investors are saying it can go much higher. This is one of those times where I wish I could do my own technical analysis and figure out the breakout points and upside potential.

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Dennis Gergen, October 12, 2009:

Sell, Sell, Sell and you know you have made a profit. Oh I didn’t mention that I don’t know crap about investing in gold yet some do say buy low and sell high rather than getting caught with gold when it takes a big dive once people feel more secure.
CHESSNOID, October 12, 2009:

Thanks Dennis. That is always good advice in pretty much any investment. Buy low sell high. Sometimes the greedy part of me takes over. 10 per cent is great but I don’t want to miss the possible run up. I will stay in it a few more days but I am thinking about selling half now just to lock in profits. When I originally purchased I bought when gold was in the 970s which has fluctuated up and down but mostly down since I have owned it. At one point it was sitting closer to 900 than 1000.
Cheers and thanks for the comment.
Jeremiah, October 19, 2009:

BUY BUY BUY!!!! I Can’t stress it enough. Gold will hit 1500 before the end of next year and I will bet my life on it.
Pete, November 5, 2009:

Gold will go to $1335.00!!!