Taking a quick look at the above chart we can see that gold prices appear
to be stuck in a trading range for now and may continue to trade sideways until
we get some sort of resolution to the European Fiasco. The long term trend
is still up so we must learn to expect these knocks along the way. Shortly
after gold had risen above the $600/oz level (many moons ago) we wrote that
you would never see $600/oz gold again and the detractors fired in the brick
bats accordingly, well it wont be too long before $1100/oz is history too (read
more...)
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