Bergmann & Co International – Gold Falls After Bernanke Says No QE3.

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<h1>Bergmann & Co International – Gold Falls After Bernanke Says No QE3.</h1><strong> Author: <a href='http://www.articleseen.com/profile_purplePR.aspx'>purplePR</a></strong><br /><p>Bergmann & Co International says that the plunge in gold prices is a “distinctly temporary phenomenon” and that the yellow metal’s value will exceed $2000 before the end of the year. The reversal, which had been forecast by many commentators and analysts, took gold from a nominal all-time high of $1917.00 Tuesday to $1763.00 Thursday is thought to have its roots in fading hopes that the US Federal Reserve will introduce further quantitative easing at the Jackson Hole symposium on Friday. An “Bergmann & Co International” market strategist said, “This pullback is purely technically-driven and naysayers should bear in mind that gold prices would need to fall several hundred dollars before any harm was done to long-term technical chart.” The price of gold has surged by over $400 in 2 months as worries over the European debt crisis and the outlook for global economic growth have worsened. “Bergmann & Co International” advised clients to buy gold on dips and reminded those balking at the price that gold was also considered expensive in 2009 at $1000/oz. “Yes, it seems expensive and some people are deeply skeptical that it will reach any of the lofty $3000-4000 targets but then again, how many people thought Lehman Brothers would collapse and the US would lose its AAA credit rating?” asked the “Bergmann & Co International” strategist. ________________________________________________________ Bergmann & Co International: Investors decide to take profits on gold’s unprecedented run as QE3 hopes fade. PurplePr’s social media services can help you harness the explosive power of the social Web and build valuable relationships with current and future customers, vendors and employees. Social media marketing requires active participation to be effective, so before a single tweet is uttered our social media gurus simply listen - carefully. By using all of the tools, knowledge and connections we have in our arsenal we uncover the hidden messages surrounding your brand, identify your terrorists and evangelists and help to create new connections to shape (or reshape) your brand’s sphere of social influence. Learn how to get your message to the right people, through the right channels and in the right conversations to help build loyalty, buzz and results. </p><strong>About the Author:</strong><br />http://www.bergmannco-international.com<p> Article Source: <a href='http://www.articleseen.com/Article_Bergmann--Co-International-–-Gold-Falls-After-Bernanke-Says-No-QE3_78004.aspx'> http://www.articleseen.com/Article_Bergmann & Co International – Gold Falls After Bernanke Says No QE3._78004.aspx</a></p>

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Category : Finance : Stock Market