gold high $955.50 silver high $14.59 gold still going strong. soon to test the high of $1,032.00 again.
prepare to see new high on gold. second half of this year. the average price of gold should be over $1,000.00. by next year. no more below $1,000.00 baby.
if the platinum continue to rise and stock market moves up. then gold and silver will move up too. to surpass $1,000.00 with 5 and half month to go. i think it will. it will hit $1,200.00 and stay more or less $975.00 to $1,075.00 range. the dollar will continue to be weak.
It will be very interesting to see what exactly happens. I've been under the impression that stocks may go up toward the end of the year pushing commodities lower. I sort of expect to see gold lower, maybe in the upper 800's... but I was only basing that on the fact that stocks have looked up in the first half of the year.
as of today: (jan 1,2009 to present). palladium up 41.26% platinum up31.74% silver up 27.34% gold up 9.47%
Gold $952.90 (near a top and won't reach $1000) Silver $13.76 (lagging and should rise) Platinum $1175.00 (will continue to be depressed until the economy improves) Palladium $254.00 (rising slightly but hurt by the economy)