Gold Set to Regain Its Shine

Source:

...Gold may start an upward journey very soon, which might last for the next one and half quarters of year 2008. Silver and crude oil may also join the party along with gold. Gold may embrace $950 an ounce level in coming months, crude will adjust its levels to nearly $120 a barrel, and silver is also likely to kiss $17 levels in near term.

Gold is all set to regain its shine in the upcoming quarter. At the same time, it will put an end to the skeptical notions of investors regarding gold as a safe haven commodity for investments. At present, the world has been tempted by the current rally of the US dollar, but the reason behind it is not genuine; rather it seems a race for the worst, and rival currencies are not performing well. The US dollar's recent gains are exorbitant and manipulated. Investors can see at least 38% retracement of the current dollar rally, which will help gold get its upward momentum...

The status quo does not bode well for the US economy in the near term as it does for the US Dollar. Once the King dollar knocks on the doors of the bears, the funds will start moving towards emerging markets, which will lead a positive revolution in financial and commodity markets across the world. The most awaited investment will be in gold, the safe haven commodity, which is ready to bounce after embracing a 38% retracement of the secular eight year bull run - i.e. it is corrected to 38% of its $1033 magic figure, the highest level ever achieved...

Henceforth, the dollar may lose steering control over the financial markets which can set the natural boom in the commodity markets and a big drop down in stock and bond markets...

Gold may once again become a fair hedging instrument against the falling greenback for investors in the future. It may start an upward journey very soon, which might last for the next one and half quarters of year 2008. Silver and crude oil may also join the party along with gold. Gold may embrace $950 an ounce level in coming months, crude will adjust its levels to nearly $120 a barrel, and silver is also likely to kiss $17 levels in near term.

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