Outlook for next week-gold markets
posted on
Jan 25, 2008 06:57PM
The trend for next week continues to show signs of a stronggold market,mostly because it is widely expected that the FED will lower the interest rates again this coming week and anticipation of a 1/4 point to a 1/2 point drop is expected which will catapult the gold price into the 1000 dollar /ounce range. This will likely make gold stocks the main gainers again as inflation forcasting will follow behind the rate drop which also propells goldupward, so the trend is very,very positive for the next while.