Wednesday, September 22, 2010

Fed's impact on Gold

It seems the Fed is determined to do QE again and the most obvious impact will be on gold. Gold will go up to at least 1350. I would buy IMG around 18.

When QE starts in November, it may push up market initially because assets allocation. All the new money from FED will inflate all assets prices. I will close out my HXD position today.

POT is in the lower range and I will buy it @ 146.9 U$ (150,50 C$).

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