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 Outlook
Mother Lode gold nugget
Many ‘insiders’ feel that poor employment numbers through most of the winter will be putting pressure on the usual bag of indicators and hurting both the economy and the dollar further. More stimulus as a result of the bad news will just further boost Golds fortunes.
That is how I see it playing out through spring.
Gold is therefore still a solid bet and I will not sell long positions. As long as Gold is still priced in US Dollars we can expect it to continue to rise for quite some time into the future.
Why The Gold Price Is Rising
Once again as I write this the spot gold price is up $3 to $1,345!
In the video below you’ll see why the spot gold price is rising. Perer Shiff talks about the gold price, dollar, inflation and Obama.
gold nugget sale
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
