Gold Price Expectation 2009
"Financial Nikkei – Gold price hits record straight …
private equity fund based in Asia, Nikkei Financial, "said Customers apparently gold has reaffirmed its position as the final store of value. In an unscheduled customer email, the company said that the bull market in gold had much more to run, but warned that customers should avoid buying at current levels.
Nikkei Financial "sources say that this is that the price of gold is due to a correction and a consolidation point, according to technical analysts of the company, is an essential part of maintaining a trend healthy bull market.
Contrary to the opinion of many commentators, Nikkei Financial "believes that the weak U.S. dollar is play a less significant role in advancing the price of gold than originally thought. Instead, the company believes that increased buying by central banks around the world is effectively drawing a line in the price.
One of the sources cited the fact that, in early 2009, the prospect of some 400 tonnes of IMF gold to be released market was considered a potential damper on hopes of higher gold prices, but the purchase by the Indian central bank of some 200 tonnes in or near the price Cash has sent a signal to markets that emerging nations placed more importance on the value of gold than their Western counterparts.
Nikkei Financial "is believed to expect the U.S. dollar continue to decline during the next year although they warn customers of the possibility brief and acute manifestations.
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