Gold's One Week High Set To Stay Says Andrew Reilly Of Accredited FX in Costa Rica

PRLog (Press Release) - Apr. 10, 2012 - After the easter holiday we saw the first new trading day replete with some numbers from employment in the US that have disappointed investors and policy makers alike. This has served further to help the rise of gold and it's not expected to stop anytime soon.

"Money printing is what we want and frankly it's what we expect from the Fed." says Andrew Reilly of Accredited FX in San Jose, Costa Rica.

He goes on to say that "Quantitative easing is what we have been waiting for and no matter how long the Federal Reserve denies it, we know that this is how the government plan to stimulate the economy and that's all good news for gold and it's investors."

Gold has seen 4 days of gains but this is simply the short term. Expectations from various analysts see gold breaching its current resistance level and going well beyond $1700 in the medium term.

Disclosure:

Accredited FX and Andrew Reilly are long term gold bulls with investments on behalf of both retail and corporate clients in gold options with various expiry dates and prices.

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Accredited International provides Forex trading services to corporate and institutional investors throughout the world from their head office in San Jose, Costa Rica.

Accredited FX is the managed accounts division of the company and provides Forex trading services to retail investors with minimum account balances starting at $5,000. Clients have access to one of the most sophisticated online trading systems available.

To open an account with Accredited FX, please visit our website at http://www.accreditedfx.com or call our client services team at +1 855 274 7539.

Forex trading involves substantial risk of loss and is not suitable for everybody. Only risk capital should be invested.

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