TSX:LSG.DB - Post by User
Post by
rajagson Sep 20, 2013 12:23am
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Post# 21753636
We took an unexpected pasting today guys but better times...
We took an unexpected pasting today guys but better times..........are ahead. We hope.
From Bloomberg tonight.
"
Gold analysts are the most bullish in three weeks after the Federal Reserve’s surprise decision not to taper stimulus increased demand for bullion as a hedge against accelerating inflation and currency debasement.
Sixteen analysts surveyed by Bloomberg expect prices to rise next week, five were bearish and five neutral. Gold jumped 4.1 percent on Sept. 18, the most in 15 months, after the U.S. central bank said it wants more evidence of an economic recovery before slowing its $85 billion-a-month of bond buying.
Gold Bracelets
A salesperson arranges gold bracelets in a display cabinet at a jewelry store in Jakarta.
A salesperson arranges gold bracelets in a display cabinet at a jewelry store in Jakarta. Photographer: Dimas Ardian/Bloomberg