Will Gold Continue to Rise?

HM092309.JPG
Source: VantagePoint Intermarket Analysis Software

To see more FREE recent market predictions for metals go here!

 

  • The market increased by 59 dollars.
  • 59 dollars = 5,900 USD per contract  (About 17 trading days)
  • When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.
  • Gold has been trading at an all-time high, as the U.S. dollar continues to weaken.
  • The possible tightening of monetary policy by the Federal Open Market Committee could boost the U.S. dollar, therefore reducing gold’s attractiveness as a hedge against the currency.