Are gold bulls shooting for $1,500 before year’s end?

Market Pulse: Dec 6, 2010

Are gold bulls shooting for $1,500 before year’s end?

Last week February 2011 gold opened the week at $1,365 and closed the week at $1,406.20. The past week, the U.S. dollar did see some weakness, but with Germany announcing no more money to help Europe’s debt issues, we once again could see a dollar rise. Also, uncertainty in Europe will do well for the gold bulls, as institutions push people into what they view as safe havens. Gold is definitely the leader here. Look at the charts below to see where the technicals are lining up with the COT report.

Proceed to Page 2 for the latest COT data...

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