James Turk : I think Gold got all the momentum behind it now , we have taking at the $1600 level and yet we have not even stopped there we sort of just moving right through it as if there was not any resistance at all , it is understandable why it is going up AL there are so many problems out there . monetary problems banking problems financial problems the sovereign debt crisis I could go on and on but you got the point , it is must better to own physical gold than it is to be involved in any national currencies at the moment
$1640 and $1650 within the next few days is a reasonable target there seem to be that much buying power behind it , so until anything changes worldwide in terms of improving the financial situation and that's not likely to happen any time soon you got to continue to hold gold and I think more and more people are starting to understand that which is why they are buying
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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