Friday

GLD Bullion: What Will Make the Prices Of GLD To Hit $1,900


Many seem to find it ridiculous that GLD will hit $1,900! Well, there are several reasons why the price of gold will move from the current range of $1,580 and thereabout to $1,900 an ounce by the end of the year.

One of the potential reasons why GLD will rise tremendously is the weak dollar and the crunch of the global economy. This means that investors in the economy are now trying to put their funds in a good place (GLD) other than the dwindling economy.

A survey indicates that hedge funds especially from Europe and America are investing heavily in GLD. Being the experts; they say that as the bank rates decline sharply, the alternative investment for the large investment groups is in precious metals.


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Live 24 hours gold chart [Kitco Inc.]