Gold to Rally Strongly in November After Expected October Correction
This would be a good indicator that the recent dip is over and it is time to get into position for November, which is one of gold’s strongest months
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This would be a good indicator that the recent dip is over and it is time to get into position for November, which is one of gold’s strongest months
It’s silver-to-gold mining ratio is only 9 to 1. The sales ratio is 53.8 to 1.
Were this to happen today, the value of an ounce of gold would exceed $12,000.”
If the Dow had kept pace with gold since August 25, 1999, it would be at 77,800 today instead of 13,500.
In one of the highest predictions yet made by an investment bank analyst, Bank of America’s MacNeil Curry sees gold prices hitting $7000/oz before ending the uptrend.
We have strong evidence of gold’s upward move, with a gold price that has gone from $ 275 in 2001 to a new 11 month high at $1,796.50 on October 10th.
The disasters that the Federal Reserve and other central banks are inflicting on us with their funny-money policies are enormous and underappreciated.
The latest round of quantitative easing made gold “even more attractive” and owning the metal should be considered as part of a diversified portfolio
Gold prices are forecast to rise above $2,200 an ounce in 2013, supported by central bank stimulus action, said a German-based bank on Tuesday.
Gold futures turned higher Monday, getting a boost from positive U.S. manufacturing data and dovish comments about monetary stimulus from a U.S. central banker.