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Will the Price of Gold Stay Above $1750 for Two Full Weeks?
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<p>[QUOTE="WoodyWW, post: 4623473, member: 26001"]This from the July 10 BARRON'S: "An “uneven recovery” lies ahead for commodities, but Goldman Sachs analysts are more confident than ever that gold will hit $2,000 an ounce."</p><p><br /></p><p>And: "“Go long copper, silver and steel and stay long gold,” was their advice for investors, favoring copper as the most exposed commodity to the investment-driven Chinese recovery. Silver stands to benefit from ongoing demand among investors for safe haven assets, as well as the Chinese industrial recovery, they said."</p><p><br /></p><p>Lastly, <i>I</i> believe gold will continue to rise b/c I sold 2 of my gold coins (that I'd had since the 1970's!) last Fall when gold was around $1460. Every extra $100 it rises is like "rubbing it in" for me. (I'm Partly kidding of course, but it "feels" true).</p><p><br /></p><p>Then there's the almost bizarre array of disfunction in the US. Add a world-wide pandemic to that, & almost total mishandling of the pandemic in some areas, and.....people get fearful.....[/QUOTE]</p><p><br /></p>
[QUOTE="WoodyWW, post: 4623473, member: 26001"]This from the July 10 BARRON'S: "An “uneven recovery” lies ahead for commodities, but Goldman Sachs analysts are more confident than ever that gold will hit $2,000 an ounce." And: "“Go long copper, silver and steel and stay long gold,” was their advice for investors, favoring copper as the most exposed commodity to the investment-driven Chinese recovery. Silver stands to benefit from ongoing demand among investors for safe haven assets, as well as the Chinese industrial recovery, they said." Lastly, [I]I[/I] believe gold will continue to rise b/c I sold 2 of my gold coins (that I'd had since the 1970's!) last Fall when gold was around $1460. Every extra $100 it rises is like "rubbing it in" for me. (I'm Partly kidding of course, but it "feels" true). Then there's the almost bizarre array of disfunction in the US. Add a world-wide pandemic to that, & almost total mishandling of the pandemic in some areas, and.....people get fearful.....[/QUOTE]
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