GREY:CWNYF - Post by User
Post by
rich471on May 05, 2011 3:43pm
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Post# 18536429
Gold will start rebounding back to $1500
Gold will start rebounding back to $1500Gold will start rebounding as early as tomorrow. Right now the U.S. dollar is riding the back of the Bin Laden kill as well as consolidating. In my blog I state that gold has a technical base of $1400 but should be peaking into $1600 by year end and into spring and will maintain the $1500 level with +-100 price swings spring to fal. General market however at best is sideways with the U.S debt ceiling approaching (U.S officially runs out of money). Reality will set in for the U.S dollar.
rich471