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"If we see the movement of gold prices is likely that (price) of gold until the end of the year two thousand U.S. dollars per troy ounce could not? I see there are opportunities," said Doni to Kompas.com, in Jakarta, Saturday (10 / 9 / 2011) afternoon.
If dlihat of gold price movements during this time, further Doni, the psychological price level is likely to be achieved. "And when (the price of gold reached) 2 thousand U.S. dollars per troy ounce it, there are psychologically it likely he would be a resistance level," he added.
That is, there is a tendency at that level, market participants will take action. "There is a tendency correction there," said Doni.
He argues, gold prices tend to rise in line with U.S. economic conditions are not improved. This is shown by the U.S. government plan that would inject funds worth 447 billion dollars of As.
"If I see based on Elliott Wave technical analysis, there is the possibility of market drop (down) a lot. If you drop a lot, the U.S. government what to do? He is baseball going to stay silent," said Doni has launched a book entitled "Secure and Investment SharesPleasant "Elex Media Komputindo this issue.
The U.S. government, he added, will probably do the quantitative easing (of monetary policy central banks print money) the third. If that happens then the U.S. dollar will weaken, then inflation will be high.
"If inflation is high, the ride is the price of commodities, one of them gold," said Doni.
As reported, the price of gold set a record by reaching the 1920 price level of U.S. dollars per troy ounce on Tuesday (06/09/2011).The growth of the gold price has reached 33 percent during January to August 2011. source: kompas.com
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