spot gold is $952 – June 2009 gold contract is $956
I’m looking at GLD and GC charts today – pretty easy to see them running to the $1200 level once $1000 is broken – will the fourth test of $1000 do the trick?
analysts that I read are placing targets of $1100-1650 for gold this spring – the most bullish is suggesting $1650 for gold and, get this, $28-32 for silver
this is not financial advise
there are lots of way to play gold – first question is always, “am I investing or speculating?” – personally, I am thinking speculation on a spring rally in gold – perhaps call options on the futures with expiration in the fall – perhaps some GLD, SLV and CEF shares
unfortunately, the basis for a spring rally in the precious metals is the continuing decline of America’s economy and future prospects
