How To Play $2,500 Gold

Posted by Jonathan Chen - Benzinga.com

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by Don Vialoux of Timing the Market:

The Bottom Line
Technicals, fundamentals and seasonal influences point to another volatile week in equity markets around the world. Preferred strategy is to continue to hold sectors that benefit from favourable seasonal influences (gold, gold equities, biotech, fertilizers) and to continue to hold a “healthy” position in cash equivalents.

by Richard Russell of Dow Theory Letters:

Confusion reigns — in spades. Therefore, I’m staying with the bull market that I trust. And the bull market I’m referring to is the bull market in gold.

How To Play $2,500 Gold

Yesterday, gold crossed the $1,600 level and it looks as if there is no stopping the precious metal, considering the debt concerns we have at home and abroad.
Many are convinces that $1,600 is the next stop on the way to $2,000 an ounce, and perhaps even $2,500 if things really get out of hand.

Yesterday we saw fears that Greece may be allowed to default, and the consistent and persistent worries that the U.S. could actually default. Over the weekend….

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