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Charts: If S&P Holds, Gold Could Hit $2,000

Wed 07 Oct 09 | 01:40 AM ET
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Charts: If S&P Holds, Gold Could Hit $2,000

Wed 07 Oct 09 | 01:40 AM ET
Gold's value is on the rise, according to Chris Locke from Oystertrade.com Management. He told CNBC Wednesday that “the next point (for gold) should be pretty quickly to $1,250-$1,300.” He also said that gold will outperform stock s and added that if the S&P can hold at the 1,050 level, then the value of gold “should move to around $2,000.”

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