OBM 6.58% 71.0¢ 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
71.0¢
Change
-0.050(6.58%)
Mkt cap ! $1.324B
Open High Low Value Volume
72.5¢ 76.3¢ 69.5¢ $80.99M 115.4M

Buyers (Bids)

No. Vol. Price($)
1 7500 70.5¢
 

Sellers (Offers)

Price($) Vol. No.
71.5¢ 76828 3
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