Gold @ $700 By End of June!

Yukuji Sonoda, precious metals analyst at Daiichi Commodities, told Reuters, “I think this trend will continue,”  “$700 is possible by the end of June.”

Sentiment turned bullish after gold broke a key resistance level of $650 an ounce last week and stayed above that level, triggering buying from investors who had sold the metal to cover losses after a recent selloff in global equities.

Traders say stable U.S. interest rates and the prospect of gold exchange-traded funds (ETFs) being traded on the Osaka and Tokoyo stock exchangeslater this year are bullish for gold.[tags]gold,spot gold price,gold trading,gold nuggets[/tags] Arizona gold

Is gold a good investment?

It's hard to provide a simple answer without knowing your investment objectives. After all the price of gold goes up and down over time. You can play the short-term moves or hope that gold will be higher in 20 or 30 years.

You also have to decide whether to buy gold bullion, gold coins, gold stocks, gold ETFs (available in the US anyway), gold options, or gold futures. You can even bet on the price of gold over the next few hours.

It all comes down to how much risk you're willing to take.

And, since gold is priced in $US, you have to figure out whether gold is going up in value or the $US is dropping relative to other currencies. Both will affect the price you see.

It looks like my 10 week, 20 week and 40 week moving averages are improving from an essentially flat position where gold prices weren't going anywhere. Right now the 10 week exponential average has gold prices rising 1% per week. If that trend persists and you use some leverage, you may do quite nicely.

And, as often happens, some gold stocks are performing better than the bullion (in anticipation that gold prices will be even higher in the future).

So, all of this means that you'll have to do some homework to check out all these possibilities. [tags]gold,spot gold price,gold nuggets,gold price,gold investment[/tags] crystalline gold

Gold Investment

Gold has shown an incredible amount of strength in the past few weeks and I believe that this is just the start of a huge run up in its price. Silver will show even more powerful gains than gold because it is a consumable industrial metal and it shares the same monetary properties of gold. Up to this point, gold and silver prices have been manipulated by central bankers as part of an overall effort to mask the severe economic problems of the United States.[tags]gold,spot gold price,gold nuggets,gold investment,gold price{/tags] gold prices
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