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Gold - To run higher.

  1. galloper

    1,380 Posts.

    News over the last 24 hours regarding;

    -Increasing tensions between India and Pakistan.

    -US Vice President Dick Cheney's comments regarding the likelihood of another terrorist attack was not "if" rather than "when and where". Statements were made that future terrorist attacks were being planned that may exceed those of Sept 11 in magnitude.

    -The continuing weakness in the US dollar.

    These factors may result in a sizeable jump in the Gold price which in turn will lead to further short covering. Gold has already hit $311.93 this morning. The next 24 hours should be interesting especially US trading tonight.

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