I am expecting gold to find support around these levels of $730-770/oz. The price has fallen to a long-term support. There is probably no better time to buy gold than now, though its possible that gold might consolidate in its current trading range for another 4-6 months. The policy of the Obama government will play an important role. I actually don't expect any change from Obama on monetary policy. I think he will be a social reformer intent on increasing taxes on the rich, as well as energy. No surprises there.------------------------------------
Andrew Sheldon www.sheldonthinks.com
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