Just a thought...
posted on
Jan 12, 2008 04:03AM
I think that we all know that gold is going to blow through $900/ounce this week, and most likely will go right on up to $1000 as it is as inevitable as the price of oil going to $100, you just knew it was going to happen. OnceĀ gold gets into the 1000 dollar range then it may consolidate for a while but in the long run this should keep going. Consider this, some say that to get up to an equalibrium to the rate of inflation,etc; that gold will have to climb in excess of 2000+/ounce, only the volitility will likely take on a whole new meaning as a ten dollar gain in the price of 1000 dollars is only 1% so look for some big swings in the price and it could have days where it moves 50 dollars either way. This should be fun to be a part of whether you are buying gold stocks or the real thing, this run in gold will likely take years to play out!