ZLATO – dosiahnutie $850 v 2008

Zlato bude pokračovať v rastúcom trende aj v 2008, avšak cesta k tejto úrovni nebude až tak hladká, tvrdia technickí analytici

Gold will continue its bull run and gradually move towards an all-time peak of $850 an ounce in the next year, but the ride will not be smooth, chartists say.

Analysts, who predict future price movements by plotting past market performance on charts, say technical indicators have turned positive since last month with the metal's move to 28-year highs and the trend is likely to continue.

"I am bullish on the metals complex and bearish on the dollar. I am still in the camp that believes that we will work towards $775 to start with, then $800 and then we could head up towards $850 at some stage," said Robin Wilkin, technical analyst at J.P. Morgan.

"There has been steady progress to the upside in line with the dollar's demise. $720 was my key support area and that has been tested and held so far," he added.

"The next upside price objective for the bulls remains major psychological resistance at $750. If they can push gold over the $750 hump, then more sizeable price gains on the upside could be expected," said Pradeep Unni, analyst at Vision Commodities Services in Dubai.

"However, pushing the precious metal above $750 and holding it there has been, and will be, no easy chore for the bulls."

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"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan