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Posted on 09/26/2010 4:57:20 PM PDT by blam
Gold Is Expected To Keep Rising This Week
Vincent Fernando, CFA
Sep. 26, 2010, 4:43 PM
Image: Covilha via Flickr
As gold hovers just below the $1,300 mark it broke last week, consensus expects the metal keep rising in the coming week.
The bull is back:
Bloomberg:
Sixteen of 23 traders, investors and analysts surveyed by Bloomberg, or 70 percent, said the metal will rise next week. Six forecast lower prices and one was neutral. Gold for December delivery was up 1.3 percent for this week at $1,293.60 an ounce at 11 a.m. yesterday on the Comex in New York. Futures climbed to a record $1,298 on Sept. 22.
...
The weekly gold survey that started six years ago has forecast prices accurately in 189 of 329 weeks, or 57 percent of the time.
This week’s survey results: Bullish: 16 Bearish: 6 Neutral: 1
[snip]
(Excerpt) Read more at businessinsider.com ...
Tony the Wiener’s head must be getting ready to explode.
Nothing new here...with the weakness of the dollar and the threat of inflation, whats ya going to buy...
Dyslexia is our FRiend.
I read your heading as *God is expected to keep rising this week*
Sorry if this turns into a religious thread;) You know, the anti-Mormon, uber-RC, luke-warm Amish, agnostic8ters:)
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