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ZT. 726 will serve as strong support for gold then move up above 800 before holiday season, hehe:)

chu.ge (楚格, 海闊天空)
Overall, it's a "a futile rally in the U.S. dollar and profit taking" that's contributing to the current sell-off in gold, said Emanuel Balarie, CEO of Jabez Capital Management and author of Commodities For Every Portfolio.

Balarie said he "wouldn't be surprised to see the price to drop by another $10-$15."
Even so, he expects the $726 level to serve as "strong support and push the price above $800 before the holiday season."
(#6530@43)
2007-10-2
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