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<blockquote data-quote="Maddog" data-source="post: 405239" data-attributes="member: 5355"><p><strong>The vast majority of analysts, traders and bankers are bullish</strong>. That may be a yellow warning light. A few expect bullion to rise to $2,500 an ounce. They cite favourable financial conditions. The Swiss National Bank is the first major central bank to cut interest rates. The US Federal Reserve Board and other central banks are forecast to follow. It’s an election year. Wars are dragging on.</p><p></p><p>After touching $2221 an ounce, a few days ago, gold slipped to $2160. But on Thursday March 28 it soared to an all time peak $2234. This is a decisive break. To sustain the upward trend gold should remain above $2200.</p><p></p><p><strong>The flags in the bull ring are flapping northwards. Those who know why aren’t telling.</strong></p></blockquote><p></p>
[QUOTE="Maddog, post: 405239, member: 5355"] [B]The vast majority of analysts, traders and bankers are bullish[/B]. That may be a yellow warning light. A few expect bullion to rise to $2,500 an ounce. They cite favourable financial conditions. The Swiss National Bank is the first major central bank to cut interest rates. The US Federal Reserve Board and other central banks are forecast to follow. It’s an election year. Wars are dragging on. After touching $2221 an ounce, a few days ago, gold slipped to $2160. But on Thursday March 28 it soared to an all time peak $2234. This is a decisive break. To sustain the upward trend gold should remain above $2200. [B]The flags in the bull ring are flapping northwards. Those who know why aren’t telling.[/B] [/QUOTE]
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