OBM 2.63% 58.5¢ ora banda mining ltd

oh look ... i've started this code off, page-6

  1. 2,924 Posts.
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    it?s ok my friend

    the outlook for the goldprice is great relevant for SWA

    Gold price to surge to $3,000: Jeffrey Nichols
    Published on March 06, 2010 10:25:00 IST

    At some point the US Federal Reserve will need to finance the national deficit and this will leave Gold Prices in a bullish position.

    That is according to Jeffrey Nichols: MD American Precious Metals Advisors, who told Mineweb that the US will most likely see long-term interest rate rises and monetary creation by the central bank.

    He told the publication: "That type of development over time is very bullish for gold."

    Sharing his long-term outlook for Gold Prices, the analyst predicted they will have reached the $1,500 mark by the end of 2010.

    "Ultimately in the next few years there is a very good chance we will see $2,000, even a good possibility of $3,000 or higher," Mr Nichols added.

    Such a bullish outlook is supported by Frank Lesh, of Chicago-based brokerage service FuturePath Trading LLC, who told Bloomberg that investors want to hold onto Gold Bullion due to fears over devaluation in paper currencies.

    "Gold is a part of the currency crosses now," he was quoted as saying. "The international currency is gold."
 
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Last
58.5¢
Change
0.015(2.63%)
Mkt cap ! $1.089B
Open High Low Value Volume
56.5¢ 58.8¢ 55.8¢ $5.089M 8.812M

Buyers (Bids)

No. Vol. Price($)
4 60408 58.0¢
 

Sellers (Offers)

Price($) Vol. No.
58.5¢ 103372 3
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