According to Bloomberg, Gold traders are the most bullish they’ve been since 2004. The survey shows 21 of 22 respondents expecting Gold to rise this week. Gold is up 26% year to date and has benefited from the Euro debt crisis.
According to a Bloomberg survey, the median estimate of eight of the ten most accurate forecasters (of the past two years) is $1,950/oz by the end of the first quarter 2012.
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