Credit Suisse Sees A Near Term Gold Top

Is a gold top upon us? Is the commodity rally over? Answering this question might require a deeper look at sector analysis. A Tuesday Credit Suisse report points to a potential gold top and, like oil analysts, gold analysts are sometimes split. But with the price of gold near Credit Suisse’s core bull target, analysts consider flagging momentum indicators against a rising price and think it might be a good time to reduce exposure.

Gold top may occur before $1308

With its bullish Gold target of 1308 finally in sight, Credit Suisse technical analysts David Sneddon, Christopher Hine and James Lim are starting to express concern....