Technical analysis of gold shows that the current breakout to record highs
should propel the price to in excess of 900.00 on the current run. Oil has
hit $100.00 a barrel and the long term ramifications to consumer inflation
from this prolonged price increase is staggering it will effect everything
we buy.
The U.S. Dollar has also resumed its downward trend and
the next leg down for the greenback should catapult Gold to the $900.00
level.
2008 should be explosive for the yellow metal due to
political uncertainty as well, Gold thrives on uncertainty and with the
U.S. elections ahead amidst so much global unrest we see Gold prices
benefiting greatly.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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