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Gold should reach $1,950 by the end of the first quarter | |
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November 12, 2011 As gold and silver seem to have fluctuated over the past week leaves investors shaking their heads, but curious as to continuing to invest. As the Eurozone flounders with 21 out of 22 traders surveyed by Bloomberg bullish about next week gold seem to be the trade of choice. As gold and silver seem to have fluctuated over the past week leaves investors shaking their heads, but curious as to continuing to invest. On November 8th we watched gold cross the $1,800 barrier before quickly sinking $50. Silver prices around $35 have been strong, miles away from the cynicism of the summer months. gold Can Gold really hit $2,000 soon??? According to Bloomberg's top 10-rated gold forecasters, Gold should reach $1,950 by the end of the first quarter, In the interim, the panorama for share prices has darkened with trade reducing all over the world, even in China. Bill Hionas of Pan American Metals of Miami. Quoted companies are going to struggle to deliver the guaranteed advance in profits next year as a recession or near recessionary climate closes in. gold bullion At the same time the bond market is clearly pressing for higher and higher interest rates. Bad news for bonds of course but also stocks and real estate. There is also worthy cause to trust that the financial crisis will eventually effect in an inflationary printing of money as it did in the US and China three years ago. The default position is gold and silver. Euro crisis Once European authorities get their head around this we are going to get much higher prices for gold and silver. However, be weary of trying to time market cycles. The short-term panel of Bloomberg experts is only right 58 per cent of the time, while over a three year time horizon Arabian Money can boast 100 per cent accuracy. We can't express who will resign or surprise us next week. We can say that this calamity cannot be resolved effortlessly and every way you look is blameless for precious metals looking forward over the next two years. And we can see silver topping gold for performance. About us: Website: http://www.panamericanmetalsofmiami.com Press Contact Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC Email: dbailey@investpanam.com Website: http://www.panamericanmetalsofmiami.com Source: http://www.1888pressrelease.com/gold-should-reach-1-950-by-the-end-of-the-first-quarter-pr-349655.html |
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