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Amazing Video on Gold Stocks Rising.

Preston Sees Gold Rising Above $1200 by End of Year: Video

Hope you enjoyed that video. Here is some Interesting Reading.

Why Gold Will Reach A Record of $2,500+ Per Ounce in 2010

Gold has climbed 60% in the past 12months and it’s not letting up. The “yellow metal” is continuing that scorching surge into the last part of the year, establishing new highs on a near-daily basis. In fact, gold established yet another record price yesterday (Wednesday) when it peaked at $1,153.40 an ounce on the New York Mercantile Exchange (NYMEX).

And the records are going to keep on coming.

With the U.S. dollar in a freefall and global gold demand rising, analysts say the precious metal will likely continue its bullish trend through at least the first half of 2010. It could rise as high as $2,000 an ounce, which would represent a 73% gain from current record levels.

How far along the move are we? Well to many it looks like it has gone too far and is due for a collapse. The fat is these moves last a lot longer than most people believe they will. Look at the 1990’s tech bubble. Everyone predicted a crash in 1997. Yes it happened it 2000 and that was where 70% of the profits were.

Same with Real Estate. Everyone predicted a rash in 2003+ It came in 2008. 5 years later. These trends for reason of human nature do seem to extend years longer then they really should. Do not be caught on the wrong side in 2010 onwards.

Institutions have woken up to it, investors have woken up to it – but not all of them. We are not at the mania phase yet, there is no “new paradigm”. That will come in several years’ time – perhaps as governments and central banks start to talk about returning to a gold standard or similar.

About the Author

Mark Crisp
The Stress Free Momentum Stock Trader
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Gold for Defense. Golden shares for … gold mining stocks gold stopped beating in 2005. They have been since 2007 …

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