Gold Ready To Rocket

Source:

According to moneyandmarkets.com,...I expect gold prices to average $750. And I wouldn’t be surprised to see a spike to $800 per ounce if geopolitical forces boil over.

Gold hit a 26-year-high on May 12, and posted a very solid 23% gain for the year. And from the beginning of 2005 through the end of 2006, the yellow metal rose 48%.

What does 2007 hold? Here are some things to watch for ...

First, gold companies will continue merging and making acquisitions left and right...

If anything, I expect the M&A feeding frenzy to get more frantic in the year ahead.

Second, mining production will still fail to keep up with demand...

My short-term target for gold is $700. That’s a 10% move from current prices. For the full year, I expect gold prices to average $750. And I wouldn’t be surprised to see a spike to $800 per ounce if geopolitical forces boil over.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe