The Sterling Weekly for the week of December 27th , 2010 is now available. A copy of which can be viewed (here). In this week's edition of the Sterling Weekly, I take a look at at the results of our forecasts in the Sterling Weekly during 2010 to see how they faired. I would like to think we did fairly well. Please check out this week's edition and see how we did.
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PHILLY
GOLD/SILVER INDEX 'XAU'
Description:
The PHLX Gold&Silver SectorSM
(XAUSM) is a capitalization-weighted
index composed of 13 companies
involved in the gold and silver
mining industry. XAU was set
to an initial value of 100 in
January 1979; options commenced
trading on December 19, 1983.
Additional information on XAU
options can be obtained from
the Philadelphia Stock Exchanges
product specification page (here.)
Our
Analysis: It appears
that the 'XAU' is headed towards
145+ in the short to intermediate
term, and significantly higher
on an intermediate to long term
basis. It also appears that
the price of Gold is going to
move into the mid $600 per ounce
price range.
