Thursday, January 13, 2011

Gold Triple Top?

There is no shortage of opinion about Gold to be found. The most recent news item for the metal called for a target of $1,600 by the end of 2011. But contradictions abound; commentators talk of recent indecisive trading action, the potential for a new rally, or indeed of significant challenges in the year ahead.

In our last piece on Gold (ETF: GLD) in April of last year I had talked about a continuation of the rally with a target of $127 ($1,270 spot). With that target handily passed, what can the coming months offer? The following video takes a look at what may lay ahead for the precious metal.

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