More strength in the gold market…
Helped by weakness in the U.S. dollar, spot gold prices climbed to nearly $1,020 an ounce this morning.
Bank of America Merrill Lynch nudged gold with a publicized prediction for gold to reach $1,500 an ounce in 2011. We note again that big investment fund interest toward gold is at an extreme right now… so don't be surprised to see a short-term shakeout.
Helped by weakness in the U.S. dollar, spot gold prices climbed to nearly $1,020 an ounce this morning.
Bank of America Merrill Lynch nudged gold with a publicized prediction for gold to reach $1,500 an ounce in 2011. We note again that big investment fund interest toward gold is at an extreme right now… so don't be surprised to see a short-term shakeout.
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