Factors For Gold Prices Bullish In 2012
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Factors For Gold Prices Bullish In 2012
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Investors who bought Gold as a hedge against the crisis in Europe may be surprised that prices crashed on Wednesday. Is it just a beginning of price fall, or a repeat of 2008? Some people believe that gold's count down has begun. But Jeff Nichols still believes that gold prices will go above $2000/oz in 2012. H
e forecasts $2000 levels in the first half of 2012 and in the longer term, the yellow metal is expected to ride higher to $3000, $4000, $5000. Because of the following twelve factors, he still believes in a yellow metal rally in 2012.
Twelve bullish factors for gold in 2012
--Past and prospective U.S. Federal Reserve monetary policy, characterized by low or negative real rates of interest and unprecedented central bank monetary creation.
--The U.S. federal government budget impasse, rising U.S. sovereign debt, and eroding U.S. creditworthiness.
--The expected future depreciation of the U.S. dollar in world currency markets . . . and the continuing decline in the dollar’s purchasing power for American consumers...READ MORE
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Today's tip for commodity..
ALUMINIUM (31 DEC) TREND: CONSOLIDATE
RES 1: 112.50
RES 2: 113.50
SUPP 1: 109
SUPP 2: 108
STRATEGY: BUY ON DIPS
stock market tips for intraday free
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