Gold targets $2350 as Wave 5 begins, $1680 critical
It’s been several weeks since I’ve written about Gold and we have had a wild ride since the $1910-$1920 highs in August. At the time as we approached I forecasted a major correction was due and we were shorting the rise from $1862-$1910 prior to a huge $208 drop that took place over just a few days. We covered our short at $1725 and then Gold rallied back to a double top at $1920 and then fell back to $1531.
India festival season to see blossoming of silver demand
The October-December quarter is expected to bring 250-300 tonnes of silver demand from India alone, a 50% increase over 2010 levels. Gold, which is significantly more expensive in nominal terms, especially after fears of a European Debt Crisis contagion event, is expected to see a smaller 30-40% increase in demand.
'Gold price to pullback to $1,900/oz levels'
Michael Berry turns his high-powered analysis toward the European debt crisis and what it means for gold in this exclusive interview.
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