Wikinvest Wire

Will the $50 "limit up" for gold hold?

Saturday, November 07, 2009

The crystal ball was in fine form earlier in the week when, in this item from Monday, the question of another $50 surge for the price of gold early in the month was in store.
IMAGE Of course, the Reserve Bank of India had a lot to do with rising prices over the last few days, the first week of November seeing a move up of ... about $50 an ounce.

The question now becomes, "Will the $50 limit hold or will sellers suddenly show up?"


To learn more about investing in natural resources using commonly traded ETFs,
stocks, and mutual funds, see this description at Iacono Research.
IMAGEFor subscription details, click here.


Anonymous said...

"Will the $50 limit hold or will sellers suddenly show up?"

I dont give a damn what they do.

I bought a few years back and I'm holding tight.

Let the traders crash the market if they want. All the way back to $100 if they want; I'm buying, and anyone with any brains is buying too.

PS - my word verification is 'hesitant' - I kid you not :)

Tim said...

I think the word verification computer is trying to mess with you...

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