Spot Gold Price – Will Move Up Continue?
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Gold, after a period of weakness in October, has a very good probability of continuing rising strongly through the remainder of 2009. The year 2010 may also see further gains in the yellow metal, as the quarterly price cycles have just completed a bullish crossover, confirming the likelihood of substantial gains yet to be made
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Gold has two values: the actual use value in industry, and speculative value. As the former is less than 1/10th of the latter, it’s a pretty poor investment, relying on the greater fool theory.
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I think gold is going up and I’m looking for a good, hard, downturn to go double dog long. I think oil might lead the way. This imposter of a bail out plan is going to be dis-robed by good old oil and gold.
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