A number of respectable institutions raised their current year and 2007 forecasts for gold and more of them are no longer afraid of mentioning the word 'record' when it comes to future gold prices.
More Quotes from Jon Nadler:
In a world where news stories continue to make ominous ripples, gold is acting like the thermometer of collective global anxiety.Jon Nadler
The gold price is now flirting with critical support levels (532-535), and it faces a possible short- to medium-term trough one that could even breach the 500 level.
Jon Nadler
While there still remains a strong link between oil and gold prices, at this moment any market interpretation of high U.S. inventory levels is being overshadowed by the tense standoff with Iran.
Jon Nadler
There is that tug-of-war between would-be buyers and the traders who really are squaring the trading logs before we head into the weekend.
Jon Nadler
We stand by the assertion that a quarter percent better fed funds rate will NOT make the critical difference to medium-term andor long-term gold investors.
Jon Nadler
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