Gold Ready To Set New High Price?
As I write this, Gold is at $807.30 and the power of this current move seems to a long way to go.The record high for Nymex gold was $875 set on Jan. 21, 1980, and the record settle was $825.50 set on the same date. "I still think gold is moving nowhere but up," said Zachary Oxman, a senior trader at Wisdom Financial. "Today's rally seems to be further long-side accumulation off of a continued weakening dollar."
"I think that long term the market is predicting further drops by the dollar and is looking to play the big moves through long side gold," Oxman said.[tags] gold, spot gold price, gold price, gold value, gold nuggets[/tags Crystalline gold
