Gold price is getting closer to $1200 but may go higher

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

Gold price target is still $1200 by..

This what I have seen on many different blogs and websites that I have visited. Everybody have their reasons why Gold price will go to $1200. I would love to hear from you has to why you think gold will surpass the $1200 mark. Is it recession fears, job fears or just fear of losing your money? What is it? Is gold a good investment?

http://www.golddealer.com/caseforowning.html
“Gold’s historical role as money and its perception as a store of value emanates from its relative scarcity and its durability. Almost all of the gold ever mined is still in existence (approximately 153,000 tonnes) and about a third of it is still held by central banks, with the U.S. being the largest net holder. Gold is difficult to mine and newly mined supplies are only increasing the total supply by 1.5 to 2.5 percent per year. This relatively low growth in new supplies contrasts with the growth in various monetary aggregates of six to ten percent per year (see Figure 4). Although gold pays no interest and has a storage cost attached to it, with monetary aggregates growing significantly faster than new gold supplies, simple mathematics suggests that gold’s price should rise over time. Its rising price has never been a straight line, as with most investments. However, historically it has risen fastest during periods of inflation or monetary upheaval.”
http://www.golddealer.com/caseforowning.html