I'm surprised we didn't see a bump in oil and pm's today after the recent exchanges. Everything seemed to be selling off to some extent for one reason or another. I personally feel the pm's will be gainging strength into 2013, perhaps not the $2,000.00 price level that is frequently thrown around on cable channels like cnbc, or on pro gold web sites, but something on the order of the low to mid $1800's with strong buying conviction and price stability.
I really don't see what can happen over the next several months that changes any of the dynamics for being bullish on gold.
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<< <i>IF Israel were to declare war on Iran in the next 6 months, what prediction do you foresee on PMs? >>
Higher oil and PM prices.
Worry is the interest you pay on a debt you may not owe.
Everything seemed to be selling off to some extent for one reason or another.
I personally feel the pm's will be gainging strength into 2013, perhaps not the $2,000.00 price level that is frequently thrown around on cable channels like cnbc, or on pro gold web sites, but something on the order of the low to mid $1800's with strong buying conviction and price stability.
I really don't see what can happen over the next several months that changes any of the dynamics for being bullish on gold.
JMHO
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<< <i>Middle East War.......... Stack gasoline. >>
should i start stacking the empty cans?
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