Replies to post #188018 on SwingTrade Member Forum (SWING)

[bird_splitter]

We saw that last Summer...anything could happen at this juncture...Right now it is just grasping at straws though I did have a nice recovery day. The stock prices on many of the metals are near where they were back near the highs...Some articles state that certain countries have stopped buying though other articles talk about unprecedented demand...Just heard on CNBC a while ago that the jobs number is not going to be pretty...if not I will stick to my gold play...

700,000 loss would be bad though if we get near 800K job loss it will be another bloodbath..The important number will be the revision to last months number...That one will be interesting.

[bird_splitter]

For what it all may be worth....

UPDATE: B. of A. Merrill Lynch lifts gold, silver forecastsBy Steve Goldstein
Last update: 7:47 a.m. EST March 5, 2009Comments: 4LONDON (MarketWatch) -- Bank of America Merrill Lynch upgraded their gold and silver forecasts, lifting their spot gold forecast for 2009 to $1,000 an ounce from $875, the 2010 gold forecast to $1,050 an ounce from $900, the 2009 silver forecast to $14.50 an ounce from $11 and the 2010 silver forecast to $15 from $11. "We believe the outlook for precious metals is much more promising. Increasing inflation expectations, a shift toward liquid assets, a rapid increase in credit risk, falling stock markets, and a wave of monetary and fiscal policies are contributing to fuel a rally in gold prices," the broker said. The broker upgraded Iamgold (IAM:
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