Gold to touch $1640 per ounce: Guppytraders.com

Daryl Guppy, CEO of Guppytraders.com is bullish on gold because of solid underlying trend. However, the returns on silver is likely to beat gold, Guppy says. The Dow, which has formed a head and shoulder pattern, can fall to 10,700 levels if the debt ceiling is not raised in the US, Guppy adds.

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