Tuesday, August 31, 2010

Gold Rallying to $1,500 as Soros's Bubble Inflates

Bloomberg News:
By Nicholas Larkin - Aug 31, 2010 9:28 AM ET

Investors are accumulating enough bullion to fill Switzerland’s vaults twice over as gold’s most- accurate forecasters say the longest rally in at least nine decades has further to go no matter what the economy holds.
Dear Gold Community,

As I have stated in my June 18th post, after $1,250 was broken more and more analysts will have the guts to come out and predict $1,500 and higher for Gold. We tend to agree with Jim Sinclair that $1,650 is a conservative target for 2011.  BK