Gold Could See $1,800/oz On Seasonal Strength And Deepening Eurozone And U.S. Debt Crisis

Tuesday, July 5, 2011
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/05/2011

From Gold Core

Gold Could See $1,800/oz on Seasonal Strength and Deepening Eurozone and U.S. Debt Crisis

Gold is trading at $1,504.13/oz, €1,039.34/oz and £933.89/oz.

Gold is higher today and showing particular strength against the euro and the Japanese yen. The relief rally seen in equities since the latest Greek ‘bailout’ is under pressure as S&P have said the debt rollover proposal would be a “selective default”. The ECB may selectively reject the S&P Greek downgrade and arbitrarily select the best credit rating being offered.

The Rest…HERE

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