Monday, September 10, 2007

What's Next for Gold?

From James Turk, founder of

The above chart is presenting a very bullish picture for gold. My upside target for gold this year has been $800. To be honest, I thought we would be there by now, but we're not thanks to central banks as explained above. But we have reached a state in the gold market that central banks cannot restrain gold at these relatively low price levels. So I still expect to see $800 this year.

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