Gold worth $1,600?
Saturday, May 3, 2008
It's so easy to see gold support at $700-$725. (God help if that breaks!)
It's at $850 or so currently.
Seems that the downside target will reach End July- August which is India's lean period.
With gold ETFs available in India (demat gold), that's an easy ride on one commodity which is long term bullish.
Ride from $725 to $1,600. Not a bad 100% profit in say, two year's time.
http://futuresource.quote.com/charts/charts.jsp
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