Gold Touches $1,000 - Silver Rising Even Faster

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Once gold really breaches the $1,000 mark the genie could be well and truly out of the bottle as far as the price is concerned with many looking to $1,500 gold or higher this year. Hang on for the ride.

Over the past few weeks virtually everyone and their dog have been talking $1,000 gold, but until yesterday gold had resolutely stuck back in the low $970s, after testing $990 a couple of weeks ago, but that now seems to be changing. There has been a steady move up through the $990s at the time of writing and although there has already been a bit of a stutter at the psychological $1,000 barrier, one gets the sense that this time it will be breached, and breached perhaps for the foreseeable future...

However once gold really breaches the $1,000 mark the genie could be well and truly out of the bottle as far as the price is concerned with many looking to $1,500 gold or higher this year. Hang on for the ride.

Meanwhile silver investors will be smiling too. While gold has risen 20 percent this year silver, which is now approaching $21 an ounce, has risen by almost double this level so far this year...

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