gold on the move exm to follow

This bodes well even for the little guys like EXM...just need that JV in place and things will really start moving.

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Survey shows gold investors bullish
26th January 2009, 8:00 WST

Gold investors were the most bullish ever in a Bloomberg News weekly survey, predicting gains as investors seek a haven from economic turmoil.

Twenty-eight of 31 traders, investors and analysts surveyed from Mumbai to Chicago on January 22 and January 23 advised buying the metal.

Gold futures for February delivery jumped 6.7 percent last week to $895.80 an ounce in New York.

Three survey respondents said to sell, and none were neutral.

That’s the most bullish response since Bloomberg News began conducting the surveys in April 2004.

Gold climbed 5.5 percent in 2008, the eighth straight annual gain, as the Standard & Poors 500 Index fell 38 percent.

The S&P index sank 2.1 percent last week, the third straight weekly decline.

Some investors buy the precious metal as a store of value in times of financial turmoil.

Traders surveyed on January 15 and January 16 correctly predicted gold’s advance last week.

The survey has forecast prices accurately in 146 of 246 weeks, or 59 percent of the time.

Last week’s survey results: bullish: 28 Bearish: 3 Neutral: 0.

BLOOMBERG