Strong as a Bull

Aden Forecast (11/11/2009)
"The gold price continues to soar to new record highs, closing well above $1,100 today. China's strong economic indicators, together with the Federal Reserve signaling that interest rates will stay low, as well as the weaker U.S. dollar are all pushing gold up. Gold is heading toward our $1,200 target level and it still has more room to rise further. It's extremely strong above $1,065 and it's very strong by staying above $1,015. Gold is now catching up to the strong rises in silver, copper and the Dow.

The gold share indices also reached new highs for the move today, and while they are doing great, gold is the better performer. Keep your positions.

Silver is acting more like a base metal this week. It's strong above $16.20 and it's on the rise, but it has yet to break above its October 14 high. A close above $17.95 would be a new high for the move and super bullish. Keep your positions.

. . .Copper is holding near its highs posted three weeks ago and the 2009 rise is solid and strong above $2.85. Keep your resource and energy shares."

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