May 092010

Almost entire market action of last week were marked by the events that transpired in Europe (read Greece). These events have benefited the Gold bugs. Gold ended last week at its highest weekly closing level of all time.

Gold shines

We have been expecting 1300 and higher for Gold for a while now. Once the all time high of 1227 is taken out, a bout of short squeeze and fresh buying should send the yellow metal racing towards 1300.

 Posted by at 10:59 pm

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