Bulls or Bears?

Editor's Note: Bulls or Bears? Kitco News' Global News Editor, Debbie Carlson breaks down what leading analysts are expecting for gold in the week ahead every Friday on Kitco.com.

Survey Participants Strongly Bullish On Gold Prices For Next Week
Friday Septembert 07, 2012 12:06 PM

The big move in gold this week PRICES thereafter the bond-Buying announcement by the European Central Bank and Hopes for more stimulus from the Federal Reserve next week has Most potentials in the weekly Kitco News Gold Survey suggesting values ​​for the yellow metal could rise again.

In the Kitco News Gold Survey, out of 33 u, 29 responded this week. Those of 29 u, 22 see PRICES up, while four see PRICES down, and three are neutral or see PRICES moving sideways. Market potentials include bullion dealers, Investment Banks, futures traders, money managers and technical-chart analysts.

Echoed what u Wanita director of the Ira Epstein Ira Epstein division of The Linn Group said, That is Selatan That there are expectations the Fed will announce another stimulus plan, Selatan, will lower the value of the U.S. dollar.

The Federal Open Market Committee meets Wednesday and Thursday. After the release of the minutes from the previous FOMC meeting and comments by Fed Chairman Ben Bernanke at the Jackson Hole, Wyo.., Fed symposium, the survey said u That Hopes are high That the Fed will act. That view was given more Credence on Friday Following a lower-than-expected August jobs report.

Sean Lusk, gold and precious metals analyst at Iron Beam, said: "if missing form of stimulus is unwrap gold could trade up to or even surpass yearly highs up at $ 1.800 .... However the market will need to hear it from Bernanke's mouth for verification Obvious. "

Those who see weaker PRICES That said gold is due for a correction after it Standard and Poor a stout rally this week, especially if the Fed opts not act at the FOMC meeting.

Similarly, Those who are neutral on PRICES said for hire Want to see how gold acts afterwards this week's Gains and the Fed meeting.

"Gold may not have trouble extending last week's rally on afterwards the bulk of the inflationary news is out. The Fed will most likely stand aside and wait to see the results of the ECB's new Bond-Buying program BEFORE embarking on its own QE plan. This will Cause Investors to question whether to keep gold as a core holding or take the money and run Leaving the door for profit taking, "said Phillip Streible, senior commodities broker at RJO Futures.

By Debbie Carlson of Kitco News dcarlson@kitco.com

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