GREY:MPRXF - Post by User
Comment by
hope21on Oct 04, 2011 7:34pm
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Post# 19119097
RE: RE: RE: hopefully we can hold here
RE: RE: RE: hopefully we can hold here
I don't know if I totally agree with your explanation about Gold hratte
I believe that Gold will most likely surpass the 2000 dollars per ounces before the end of this year.
The price of Gold has been dropping mostly due to profit taking and margin calls.
The markets around the world are getting very nervous, and that should push the price of gold much higher.
When you have such high levels of uncertainty around the world people tend to park their money in Gold, and that is what most likely going to happen.
The world markets are starting to show some signs of serious trouble ahead so the next 3-6 months could get
ugly and that will most likely have a major impact on the price of gold.
I hope that I am wrong but I don't believe these issues around the world are going to get resolved so fast.