Thursday, November 3, 2011

Gold Trade Update

On October 25th I wrote about why and where Gold is going.

This week's central bank meetings added more conviction for precious.
Today ECB started its easing campaign (just as I predicted).
RBA also joined the central bank feud earlier in the week with its own rate cut.
At FOMC meeting Bernanke has done his part to ground the hawks and let the doves fly high. In the statement and at his presser he hinted more on QE3.

It looks like my 1775 target will be reached tomorrow.

No comments:

Post a Comment