Monday, 22 September 2008

Short Gold at 950 and above

The excuse of many pouring money to Gold due to dollar and commodities are overdone in short term. No matter the USD 700 billions recue plan is going to be passed or vice versa, Gold will correct back to 850 below level.

If it is passed, confidence of dollar will be back even long term may not be good for US tax payers, if it is not pass, the demand of the whole world confirmed will move south further on most commodities. Thus, it is a call for short of Gold above 950.

1 comment:

prashant said...

The elegant facade, high structural integrity and the contemporary architectural design lend a distinct appeal to BOISE REAL ESTATE.
Boise real estate