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Gold Investments Market Update – Gold to Reach $5000/oz According to Respected Goldcorp Founder
Gold surged a further 3.3% yesterday to $942.45 (as did silver) as worries about the US and global financial system and economy continue to grow and governments print money on an unprecedented scale to combat the economic crisis. Asian and European stock markets are again under pressure this morning.
The strong close above $930/oz yesterday should see us once again challenge the record highs of $1,003/oz seen last March (March 17th) when Bear Stearns collapsed.
We have since had a long period (nearly 12 months) of correction and consolidation and thus a solid foundation has been built from which the next leg…
12Feb2009 | The Gold Blog | 1 comment | Continued
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