Showing posts with label Precious Metal. Show all posts
Showing posts with label Precious Metal. Show all posts

Thursday, January 31, 2008

Four signs that gold has further to rise

It's been a great start to the year for gold - and its fellow precious metals - so far.

In fact, I’m beginning to wonder if my target of a high in gold of $1150 an ounce this year was a little conservative. Perhaps I’m feeling too exuberant and that’s a warning signal, but there are certain signs that suggest an intermediate-term top is coming - I'll tell you what they are in a moment - and I don’t see many of them.

In fact, if the Federal Reserve cuts interest rates later today by half a point, we might even see my target before the end of February...

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