RE:$1500 gold just might do it. So far, $1400 has not done itand the juniors still acting like gold at $1200...., anyway, I'm fully in dozens of the best juniors and JNUG. Target 1550 early or mid August. Expecting full speed end of the month at the FOMC meeting..., glta.
materialsgirl wrote: After about three years of going nowhere, gold is once again the commodity du jour and some observers predict the rally is just getting going.
Since hitting a record high in late 2011 just shy of US$1,900 an ounce, gold has largely been out of favour among investors. As recently as August of last year, the precious metal was trading at US$1,170, almost 40 per cent below its peak.
But last week, gold futures hit a six-year high, driven on by expectations of interest-rate cuts and a weaker U.S. dollar. In the past month alone, gold has jumped 10 per cent, catapulting to more than US$1,400 an ounce.