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Message: INDUSTRY BULLETIN - Gold May Hit $950 As Central Banks and Miners Hold Back Sales. Grandich Pegs It Again

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INDUSTRY BULLETIN - Gold May Hit $950 As Central Banks and Miners Hold Back Sales. Grandich Pegs It Again

posted on Sep 17, 08 10:03AM

Dear shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion, please see the attached AGORACOM Blog.

Bloomberg - Gold May Hit $950 As Central Banks and Miners Hold Back Sales. Grandich Pegs It Again

September 17th, 2008

Gold is up $64 to $844 as of 12:15 PM EST. I could end this post here and that one sentence could be the entire story.

However, like a good infomercial, “there is more!” Specifically, Bloomberg is running a story that gold may hit $950 by the end of the year “as central banks and miners hold back sales and investors buy the metal as a haven against falling stock prices.”

The good news for gold bugs is that a $950 price isn’t tethered to simply a shaky stock market. Otherwise, a market turnaround on its own could quell the gold rush.

Click here to read the Blog in its entirety.

Regards,

AGORACOM Investor Relations

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