US Dollar is weak but gold is great

US Dollar is weak but gold is great. We predicted the rise of gold to 1200 so did everybody else. That was easy to see coming more than a year ago now the next move is $1500 or above. Of course some investors have been dead set on gold hitting $1500 real soon.

We think that gold will climb some more but could see a few people taking profit to lock in their profit. If gold does retreat to any lower level we will see even more massive buying.

Well we are close to our TARGET OF $1200 GOLD. However,So many other things are falling apart, the housing market is very weak, even hotels are facing foreclosures. Car factories are slow,parts for cars is just as weak. Consumers are buying some electronics goods such as computers .

However is gold up.

Gold price

Gold price, can you say $1200 . In fact some is calling now for gold $1500. Based on the current economic climate gold prices should hit the $1200 target possible with in the next few months. Of course we have been saying that for a while but it seem closer this time around. Gold hit the $1094 with aggressive purchasing by investors today. This will not subside anytime soon. Countries around the world will start to buy gold even more aggressively as the demand pick up (China). One of the other reason why gold has moved higher simple there are no other investments that is as attractive has gold right now. US bonds has played out and the oil play is not stable with too many people influencing the price.

Gold near $1200

Gold got nearer to the $1200 investors have been looking for. The time horizon for the 1200 is February of 2010. What is in store for gold next week? Investors are saying higher. Gold finished 1051 and change.