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Gold looks set for another run at $1,800/oz. for the first time in a year, +0.8% this morning to...

Gold looks set for another run at $1,800/oz. for the first time in a year, +0.8% this morning to $1,794. The metal got no assistance today from the BOE or the ECB - both of which left policy unchanged - but the worldwide central bank trend remains one of further ease.
Comments (4)
  • PeakOiler
    , contributor
    Comments (292) | Send Message
     
    Opinions are like rear ends, everybody's got one. Where's the beef, where's the rationale?
    4 Oct 2012, 09:09 AM Reply Like
  • whaddyamean?
    , contributor
    Comments (514) | Send Message
     
    @PeakOiler: Would you have preferred two or three pages of jargon-filled utter drivel, punctuated by several opaque charts and ending with the same conclusion that the author stated above so succinctly? When you boil off the water from these SA articles, there's very little sap left that offers anything that might even approach maple syrup.
    5 Oct 2012, 09:44 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    As long as central banks are easing, gold (and many other real assets) have nowhere to go but up.

     

    Buy the dips.
    4 Oct 2012, 09:41 AM Reply Like
  • stan33man
    , contributor
    Comments (132) | Send Message
     
    We've got the dips, last couple trading sessions. Pundits/"experts" predicting further declines next day or two before next move higher. Holding Oct. calls I wish I hadn't bought now; running out of time.

     

    But looking to jump back in on a more mid to long-term basis otherwise (w/GLD, SLV, GDX, etc.) It just seems gold is having a hard time piercing - and staying above - that 1800 level.
    8 Oct 2012, 11:06 AM Reply Like
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