Gold Fundamental December 7, 2011

Gold prices managed to recover from its reduction to close up yesterday. This is caused by
investors who speculate that there will be a positive outcome from the meeting of EU leaders
this weekend. The main stock indexes in the United States also recorded a rise. The euro and
oil prices also managed to rise from the decline based on optimism that the threat of
downgrade from S & P on some EU countries actually will make the leaders of these countries
will increasingly seek to create a new policy that is more real to overcome the debt crisis that
was engulfing. In addition there is also news from the IMF has agreed to disburse a large
amount of funds to help finance Greece. In the future price of gold will still be affected by the
outcome of the meeting of the leaders of EU countries by the end of this week. Positive news
will certainly make gold as a commodity investment will increasingly be hunted by the
investors.

Technically, a rebound that occurred in the gold price yesterday has met its resistance at 1733
price levels, the penetration at this level is believed to bring it to continue rising. But wary if
the price movement turned down and penetrate the support level at 1723, then it could
become an alternative scenario to sell with a target price of 1707.

(Robert Hardy)