bromby bullish on gold

... but cautious ...

Statistics show that gold will continue to rise despite recent pauses
by: Robin Bromby From: The Australian March 16, 2012

DRY your tears, gold bugs. Don't let your hearts be troubled by the recent declines and seemingly good news out of the US.

Taking a random sample from years past, there’s a very good statistical possibility those bars under the bed will be worth a good deal more by next New Year’s Eve.

...

Warwick Grigor at Canaccord/BGF sent out his client note this morning; he sees nothing wrong with these pauses and pull-backs in the gold price.

“A sustainable long-term gold price chart requires more consolidation before proceeding to new highs further down the track, so patience is required,” he writes.

(more)

http://www.theaustralian.com.au/business/opinion/statistics-indicate-that-gold-should-continue-to-rise-despite-pauses/story-e6frg9ex-1226301450691