Spot Gold Price Outlook
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Tom Winmill of Midas Funds. Since 2002, Mr. Winmill has served as the portfolio manager of the firm’s Midas Fund (MIDSX), a precious metals equity mutual fund that’s currently up more than 86% year-to-date. Here is what Mr. Winmill forecast for the gold:
Prices have already come up beyond my target for this year, which was $1,100/oz. Read more 
Spot Gold Price Headed Higher?
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With pressure on the dollar by both China and India, plus the inflationary policies by the Fed, the only thing that will prevent gold from reaching much higher will be the manipulation of world governments and banks.
The value of gold is to “preserve” wealth; not necessarily to “increase” it. Think of it as being an insurance policy.
Spot Gold Moves Up
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Gold is currently trading at $954.30/oz and has broken though resistance of $939 and $942 very quickly. Fresh interest in the metal as an inflationary hedge surfaced on Friday on the back of a weaker dollar and higher oil prices. The interest has continued into Asian trading overnight.
Gold Will Rise as U.S. Debt Increases
The Congressional Budget Office has recently forecast the US budget deficit for fiscal 2009, to reach a mind boggling $1.825 trillion, or approximately 13% of GDP. Next year, the budget deficit is expected to total $1.43 trillion under Obama’s budget plan. Furthermore, the CBO sees the US deficits between 2010 and 2019 totaling $9.1 trillion, thereby raising doubts about America’s ability to finance its debt at low interest rates, and whether it can maintain its top tier AAA credit rating.
Herkimer Diamond
The exploding US budget deficit and the Fed’s policy of flooding the financial markets with US dollars, knocked the value of the greenback 7% lower in the second quarter, and heightened fears on global bond markets about a surge in inflation. This had the effect of eroding the value of China’s holdings of US Treasury notes, estimated at roughly $1.45 trillion, putting Beijing on the offensive with Washington.
With news like this an investment into gold seems prudent.
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Spot Gold & Money Creation
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I suppose when the world starts working again gold is bound to rise to compensate for the unbelievable money creation that is yet to show its ugly head. The money supply is related to velocity which has been practically zero so no matter how much the Fed prints, unless it starts jobs or lending we are held in check. Just as soon as we bottom out and job growth starts up GOLD is where the action is going to be.
Unlike Iron, lead or aluminum gold does not corrode and decay. You could put gold in the ocean for 100′s of years and it does not disintegrate. It passes thru generations and is still considered a monetary reserve by EVERY nation in the world. It’s value is given by you and me. If we decided stinky, dead rotting fish was a monetary reserve imagine the stink in Fort Knox and wall street. 
