We at day trading robot have been watching the Gold price daily and really cannot see why so many don't see gold reaching the 1200 as predicted. In fact some believe it will go higher still yet. Today gold move to $1056 with only 140 left to go. If it picks up 10-20 points a week it should hit the $1200 by First of February 2010. Gold investments.
A interview with a gold investor, follow the link for the full interview :
JL:
I continue to maintain that we could see $1,200 gold prices by year-end. I think gold is very much on the way to hitting that pretty aggressive price target. The miners themselves seem pretty confident on the upside for gold. We've been hearing CEOs from various gold companies, including Goldcorp (TSX:G) (NYSE:GG) and Agnico-Eagle Mines (TSX:AEM), saying that we're probably going to end the year with gold north of $1,000.
TGR: In April, you described gold as one of the best asset plays in the world and your recommendation to investors was to focus initially on physical gold. Have you changed that viewpoint?
JL: No. I've been bullish on gold since it was below $400. But now I am starting to see some opportunities in the equity side of the gold market that are becoming very appealing and I didn't see that when we last spoke. For example, Gold Fields Ltd. (NYSE:GFI)(JSE:GFI) is paying a dividend of 1.77%; that might start to draw some attention. Outside of the dividend plan, their costs have been improved relating to Eskom in South Africa. If they can keep those costs balanced, that's another reason investors should take a look at GFI.
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Gold closed up $12.10 at $1055.40
Silver closed up 32¢ at$17.80
Platinum closed up $25.00 at$1346.00
Palladium closed up $8.00 at $322.00
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