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Message: Gold Prices Hit New Record - $1,079.10 Per Ounce

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Re: Gold Prices Hit New Record - $1,079.10 Per Ounce

posted on Nov 04, 09 10:01PM

Depends on the time frame , longer seems to me uncertain , before interest rate increase announcement ( about 6 months from now imo ) i think $ 1200 to $1300 is possible , after that anything could happen depending how demoneytisation is applied and perceived . From that point gold could go up or down as this will be relative to world wide implications on world economy .

So far everyone is talking about coordinating their strategy but that remains to be done since the process might have different impact depending on different nations or block situation at that time . Different nations interest might clash when comes the time and coordination might fail , if that failure were to happen and if the US were to be on the loosing end then the US dollar fall might precipitate wich should send gold even higher on the other hand if the US economy were to come out a winner then the US dollar should gain strenght and gold could come down some but i don't think it would quickly fall and i believe the $1000 level should remain for some time . But my crystall ball is very blury over 6 months .

Tec

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Bernard Lapointe
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March 29, 2009

Mr. Lapointe discusses the 304 Mt Phosphorus NI 43-101 resource estimate.

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