Last year,
the gold futures that were effect for delivery in February closed at $1,676.50.
This was a gain of 1.2% or $19.90. Of course this meant a weak ending to a
strong precious metal year which was highly unexpected. This was highly
influenced by the November General Elections.
Looking at
the trend of GLD since the
beginning of the year, there has been a lot of price instability. This has been
highly attributed to the withdrawal of stocks at NYSE—a characteristic of the
weakening dollar. As more central banks throughout the world continue in the
habit of purchasing gold then the Price of GLD will
persistently rise.
This means
that those with gold futures contracts right now stand to gain. An improvement
investment climate has begun to show and most asset fund managers can advise
you that the best investment right now is gold. With a projection of the GLD Quote indicating that it
would close at $1,900 this year, investors in GLD future will make up to
20% gains.
Click here for more
information about the GLDQuote!
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif)
