Outlook for gold in the next few days is Up, Mid term more volatile conditions will exists possibly sending gold back to the record high price range, a bottom happen on Apr 1 2011 with a quick recovery back to $1328.90 this sets up a break-out opportunity but may have passed just yesterday. The Budget impasse is now big news and it will be watched closely, a 2 week emergency extension should be granted, closer to the end of the 2 week extension may be a selling opportunity at new Historic highs around $1493.50 then sell off to $1419.50 after the high is made in a capitulation. below is a news release from the New York Times.
The New York Times:March 26,2011 .With time running short and budget negotiations this week having reached an
angry impasse, Congressional leaders are growing increasingly pessimistic about reaching a bipartisan deal that would avert
a government shutdown in early April. Read the whole story: The New York Times
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