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Wednesday, November 9, 2011

Gold will continue to move higher on Europe Debt Crisis & QE3 - Michael Dudas

The Gold bull run continues today as worries over Europe's debt problems lifted the price. Michael Dudas, Sterne Agee precious metals/mining analyst. gives his outlook for the Gold market "sue, i believe so. technically there's a very good support for gold moving higher. fundamentally i think the market still is concerned about zero interest rates in the united states, negative real interest rates here, and the fact that though the fed did signal maybe a potential in QE3 you're also going to have a sense of the ECB easing given the sovereign debt issues there. a lot of excess liquidity is going to come into the marketplace. i think continue to support gold on a fundamental basis." Michael Dudas says


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