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Bill Hionas says Forecasts for Coming Week Remain Positive for Gold
- Bill Hionas says Forecasts for Coming Week Remain Positive for Gold
- November 20, 2011
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While gold ended the week down but far from out, its performance for next week still looks reasonably positive.
MIAMI, FL - With markets closed Thursday for US Thanksgiving, and, in all likelihood, a quiet day Friday, this will be a short trading week in the US. Market analysts, despite being wrong this week, are still optimistic about gold's chances in the coming week.
One theory is that, with gold having dipped to around $1725, bargain hunters will be attracted and that, alone, will drive up the price. Additionally the shorter trading week in the US will mean less volume being traded. Lastly, buying ...
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