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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (53425)	12/12/2011 4:53:55 PM
From: TH	Respond to of 119362

mh, All reasonable points. Then again, the gold bull is one mighty bitch to ride <g> GT TH

To: microhoogle! who wrote (53425)	12/12/2011 5:02:24 PM
From: Slumdog	Respond to of 119362

>>I don't see gold going up in meaningful way as long as these downward pressures continue or some stepped up buying in countries whose currency is strong at the moment.<< Message 27811304 .....The announcement by Greece’s Prime Minister that he will put the government’s planned austerity measures to a referendum has renewed concerns over the Eurozone debt situation, which has not only fuelled risk aversion but also contributed to a stronger dollar. It is this dollar strength that is curbing safe-haven demand for gold. In addition, physical gold buying has slowed down post-Diwali. Our Gold Physical Flow Index dipped below zero yesterday, the first time since early August, a signal that physical selling has begun to outpace buying. Consequently, we can’t expect the support from physical buying we have seen over the past month. Nevertheless we expect interest to pick up again in mid-December, and continue to see value in gold, especially on approach of $1,600. Gold support is at $1,694 and $1,679. Resistance is $1,736 and $1,761. singaporegoldinvestment.blogspot.com