It is expected that gold will begin its downhill trend and will probably see a breather when it reaches the 1090 to 1100 range... But before that, a first drop from 1200 to 1150 and a second from 1150 to 1090 range. With all the liquidation going around, it should not be a surprise. But the matters over at US and Europe is far from being solved. The US economy is seen to have improved.. though the figures are still far away from making a dent at US debt. Hence the keeping of the yellow metal or its counterpart the silver remains wise. At this point, gold is already heading south. It is recommended to buy more gold, if it moves downwards towards the 1150 range..
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