19.03.2012 - Gold's bullish would-be bears
Even the bulls are turning bearish on gold prices. Or rather, they'd like to. "Everything's beginning to look as if it's turning the corner, we've passed the point of maximum despair," reckons Nick Moore, head of commodity research at state-owned Royal Bank of Scotland in London. He cut the bank's bullish 2012 forecasts for all precious metals except gold back in January. But now, "A number of things which would have kept people with an eye on the upside for gold have now been neutralized." And despair over, gold must be fated to sink, right? Not quite...............................................Full Article: Source
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