Replies to post #12459 on Solidus Communications Inc (SLDC)

[end2war]

J.P.Morgan Sees $1,650-$1,700 Gold Ahead

Commenting on gold’s recent movements and where it is likely headed, J.P.Morgan Cazenove’s Murray Morrison wrote in a note to clients that:
“Gold rallied by nearly $20 yesterday, breaking above three-month old resistance to trade at a new all-time high. The metal remains in its well-supported uptrend and resistance at $1415 has become near-term support. As long as gold holds above $1415, we expect medium-term gains to a target of between $1650 and $1700.”

http://www.goldalert.com/2011/03/j-p-morgan-sees-1650-1700-gold-ahead/