Saturday, April 4, 2026

September 13, 2009

Gold Comments in Europe

A currency trader in London alerted me to the following about 10 minutes ago:

UBS analyst John Reade recommended that nimble investors take profits on any long gold and silver positions.

He would look to re-enter long positions after a correction.

Mr. Reade has a price target over the next month of $950/0z.

Reade is a winner of the London Bullion Market Association’s forecasting prize.

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