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Commodities Briefing - Categorized | Bullion/Gold, Investment, Price Watch more

10 reasons to buy gold at $1,300 an ounce

Posted on 12 October 2010

From Seekingalpha.com: From a technical analysis perspective, there has never been a better time to own or purchase gold. Every tradable asset has what is known as support and resistance. Support is the value by which any asset is assumed safe for buying. This is determined by previous price levels.
When prices reach this level more buyers than sellers step into the market. In the latest leg of the gold bull market, $1,000 has been established as the new floor……………………………………….Full Article: Source

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This post was written by:

VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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