If the “doom and gloom” predictions of the global economy’s future do come to fruition, many analysts predict the value of gold will continue on its long-term upward trend, topping $2000 US per ounce in the next couple of years.
“It is not unreasonable with all the issues – the sovereign debt, municipal debt, huge trade deficits, and the cost of carrying – that gold will hit $1600 an ounce this year and $2000 an ounce in the next one to three years,” said Wayne Atwell, Managing Director at Casimir Capital.
Gold Summit Corp declared that it has signed an option agreement with Parker Mining Co covering 22 unpatented mining claims at Sugarloaf Peak, Esmeralda County, in western Nevada. For full story, click here
Gold Summit Corporation declared that it signed an option agreement with Parker Mining Company covering 22 unpatented mining claims at Sugarloaf Peak, Esmeralda County, in western Nevada. For full story, click here
Greater Pacific Gold has been approved to change its name to Padbury Mining Ltd, which better reflects its focus on exploration for iron ore at the Peak Hill and Mt Padbury areas near Meekatharra in Western Australia. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold, despite losing some of its appeal as a safe-haven asset amid sentiment the worst of the financial crisis may be over, is holding its ground on expectations of long-term inflation once the economy reheats. But how long will it last, is the moot question. Analysts aver [...]
Gold prices showed signs of volatility after its peak of $ 1,000 per ounce level but the gold related stocks on BSE and NSE seems to have benefited on the confidence of investors in the commodity than the stocks. For full story, click here
While gold prices have been fluctuating and tending upward, analysts say we may have yet to see the peak in gold prices considering the global economic downturn. For full story, click here
Tuesday, February 15, 2011