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1000+ Penny Miser Member
USA
1617 Posts |
 Posted - 11/04/2009 : 09:00:10
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"What is really behind the recent rally is very robust diversification demand from central banks, hedge funds and pension funds
On a technical level, $1,125.40 is key resistance, he said. That level needs to be breached for gold to see further gains.
And if gold's rally continues into next week, he predicts gold prices could reach $1,200 this month."
http://www.marketwatch.com/story/gold-lacks-support-on-globex-after-record-close-2009-11-03
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Gold futures surge to record
