www.i-securesolutions.in : Victory of Obama & Gold
Victory of Obama & Gold price projection :
Obama is good for gold: Target $3,500 by 2013-end?
So now that Barack Obama is all set for a second term as President of the United States of America, gold is set for another rally.
Gold is quoting at $1,723.2 per ounce (1 troy ounce equals 31.1 gm), up $40, or 2.4 percent, in a day. And this rally is likely to continue, with some gold bulls talking of a price of $3,500 by 2013-end.
There are several reasons for the same.
1. The Second Term President phenomenon
2. Democrats destroy the dollar more than Republicans
3. Ben Bernanke will continue to be the Chairman of the US Fed
4. The US Fed will go slow on manipulating the gold market
Read full article at :
http://www.firstpost.com/economy/obama-is-good-for-gold-target-3500-by-2013-end-517752.html
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