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GRABBING GOLD

August 19, 2010 By: martinwo Category: Gold Market, Guppy

Gold MTMBy Daryl Guppy

Rumors of a rising demand for gold in China and the prospect of a new round of quantitative easing all help to push the price of gold higher. Gold has rebounded from the support level at $1160. Three factors support the price rise.

First is the confirmation that China has been buying gold and that it has become easier for people to buy gold. The World Gold Council estimates China produced 313 tons of gold in 2009 but demand is expected to be more than 420 tons.
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4:30 pm – GLD ETF is retesting old high @ USD123

August 19, 2010 By: martinwo Category: Uncategorized

GLD - 19 Aug

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3:51 pm – DJIA has a 200MA resistance @ 10,440

August 19, 2010 By: martinwo Category: US Market

DJIA - 19 Aug

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11:30 am – Automatic Rally after a spring !

August 18, 2010 By: martinwo Category: US Market

DJIA - 18 Aug

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2:30 pm – ETF EWM has new high !

August 18, 2010 By: martinwo Category: ETF

EWM - 18 Aug

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