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Tuesday, August 30, 2011

GOLD SENTIMENTS

DESPITE OF GOLD’S BULL RUN & PRESENT FORECAST OF GOLD 2350$ AHEAD..TRADERS HAVE TO KEEP IN MIND THAT “GOLD” IS ALWAYS KNOWN FOR HEDGE DURING INFLATION.. WHILE CRUDE PRICES TRADING BETWEEN $77 - $90 COMPARED TO EARLIER $100-$115.. FROM WHERE DID THE INFLATION FACTOR FUELED THE GOLD PRICE RISE ?? A CORRECTION IS A MUST BEFORE THE NEXT UPSIDE WAVE STARTS..AND THE GOLD PRICE RISE ABOVE $1800 WAS JUST DUE TO AGGRESSIVE BUYING BY MOST OF THE TRADERS & A MIXTURE OF SENTIMENTS !!

NEXT TGT : $1670

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