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Another buying opportunity for gold?

Posted on 08 June 2009 with no comments from readers

This is the chart provided on clivemaud.com a usually reliable source of advice on future gold price movements. Gold could shift back to around the $900 mark as the dollar looks set for a burst of strength as the 13-week bear market rally in stocks ends. However, this is just a buying opportunity as the medium term outlook for gold is still excellent.

Posted on 08 June 2009 Categories: Banking & Finance, Bond Markets, Global Economics, Gold & Silver, Hedge Funds, US Dollar, US Stocks

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Comment by duncan robertson - 08 June 2009

indeed it looks set to pullback, where an add to the long boat is in order

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