Gold Could Reach $2,000 in Six Months
Spot Gold Price Could Reach $2,000 in Six Months
Tony Hall, chief investment officer of Duet Commodities Fund Ltd., discusses the outlook for gold and copper. He speaks with Francine Lacqua on Bloomberg Television’s “On the Move.”
Spot Gold Price Up Again
Spot Gold Price
Spot gold price as I write this, is up again, currently at $1851 per ounce! It was just on July 18, 2011 that I posted about the spot price of gold going over $1,600 per ounce!
Because of this rapid rise in the spot price of gold, I’m a little concerned that we may be on the verge of a substantial pullback.
Gold futures pushed to new session highs of $1881.40/oz. overnight, but have pulled back. “I think we’re going to see it by the end of this month,” MF Global’s Adam Klopfenstein exudes. “People gravitate towards [assets] that give them peace of mind when there’s a lot of uncertainty.” Read more 
Spot Gold Price Ready to Run
California gold nugget
Many worry about the similarities between current policies of President Barack Obama and Fed Chairman Ben Bernanke and those of the Rooseveltian 1930s and the Carteresque 1970s. They believe we’re following a similar script as governments try to inflate their way out of an untenable position brought on by excessive credit creation, runaway budget deficits and a looming demographic problem in the developed world. Read more
Why Spot Gold Price Should Fall
Mother lode gold nuggets
It’s the late 1970′s/early 1980 again! Investors that get in to gold now will have to wait for years after the coming gold correction takes gold to where it should be: $650 to $750. It’s the speculators just like what happened to oil last year. When the big money starts to dump gold the ETF’s that hold it will have to dump fast, there will be panic redemptions. The gold bugs will have to go back to hibernation again!
Mother lode gold nuggets
Gold Price Could Fall On Economic Recovery
Arizona gold nugget
I worry about sell pressure on gold in an economic recovery. Other assets will become more attractive causing much of the money in gold now to flow into other assets. Gold does have scarcity power, but the massive demand now is being driven by concerns over the economy and the dollar. Gold is not seen as investment, but rather a safe haven that will devalue less than alternatives. Read more
