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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

How has gold been faring in non-dollar terms - and where next?

Posted on 30 November 2010

From Mineweb.co.za: The price is of course always subject to fluctuation and correction, and quite possibly some sizeable moves, but for now at least any such correction is likely to find the physical buyers coming out in droves and giving the price some support. For the longer, term, however, much higher prices will depend on the weight of money coming in from the investor and there will come a point when inflationary interest rate expectations.
We must all know that gold hit record levels in dollar terms in early November and that since then it has staged a sharp and much-needed correction. In fact as we approach December, gold looks very close to completing a head-and-shoulders formation and that puts it at risk of dropping by another hundred dollars. ………………………………………Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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