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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: dalroi who wrote (87067)	2/10/2012 10:11:31 AM
From: TobagoJack	1 Recommendation Read Replies (1) of 217774

Just in ... Fm citi Weekly Roundup - Gold, Silver and Oil...all look bid but what looks best? Chart of the Week: Gold, Silver and Oil...all look bid but what looks best? At the start of the year we sent out charts on Gold and said, in line with our 12 Charts of Christmas, that we believed the correction down was over and that the next leg higher had begun. Our target for this year remains $2,400 and we anticipate a longer term move towards $3,400. We also stated our belief that Gold will outperform other currencies within G10, as well as Bond and Equity markets. We still hold these views and remain bullish on Gold. It was said then and we will repeat it now, only a weekly close below $1,535 would lead us to believe a correction down has further to run, but even that would not change our long term view. However there are 2 markets that we think could outperform even Gold, at least in the near term. The first is silver which is really the “Poor man’s gold trade”. The 2nd is Oil…and that is much more important.

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