Thursday, November 30, 2006


What's not to like? The December contract is trading at $647.. next target is $650. In some respects, its unfortunate that this play has to occur because it's a commentary on many negative things - not the least of them, the dangerous world in which we live and the insane government spending of the last six years. Those two factors have largely been driving investors away from paper assets. As the American balance sheet continues to deteriorate and the dollar continues to weaken expect both new contract highs in gold and all time highs. Yes, I'm in the looney camp that sees gold going to at least $1,000+ in the next few years.

No comments: