Buying silver bullion gives you the best hedge against inflation according to Robert Kiyosaki, author or Rich Dad Poor Dad and Conspiracy Against Your Money
Thursday, December 30, 2010
Gold Can Find Strength Past 1430
NEW YORK (TheStreet) -- Jon Nadler, senior analyst at Kitco.com, explains why gold prices need to break through their previous highs around 1430 to sustain a stronger and...
Jon Nadler,:..."....Well -- it's more of the same we've seen this pattern early -- last several sessions. Outsized move slowed due to -- participation -- players this week. And of course due to our year end book squaring so really these are not. You know. And take home type of a price -- we have to see equal participation in the first week of next year. Particularly in the army -- these moves to -- for instance -- a situation where gold is done and so as the dollar. And so as crude oil basically -- risk on risk -- trade continues to dominate these markets. Today's impact on -- there was a principal one would have been the jobless claims falling below the portrait counsel mark that -- to really boost the dollar too much. And -- hold separate from some profit taking primarily among hedge funds. ...."
Jon Nadler,:..."....Well -- it's more of the same we've seen this pattern early -- last several sessions. Outsized move slowed due to -- participation -- players this week. And of course due to our year end book squaring so really these are not. You know. And take home type of a price -- we have to see equal participation in the first week of next year. Particularly in the army -- these moves to -- for instance -- a situation where gold is done and so as the dollar. And so as crude oil basically -- risk on risk -- trade continues to dominate these markets. Today's impact on -- there was a principal one would have been the jobless claims falling below the portrait counsel mark that -- to really boost the dollar too much. And -- hold separate from some profit taking primarily among hedge funds. ...."
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