Friday, November 11, 2011

Is Gold a “Cash Cow That’s Long Overdue for Milking”?

Analysts at Scotia Mocatta presented a rather bearish comment on gold in a note
to clients yesterday, contending that lower prices are likely for the yellow
metal in the near future. "The North American market definitely squeezed out
some European shorts yesterday but another failure to break $1800 really
didn't bode well for gold's overall prospects yesterday, the firm wrote.

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