Now we have 806$/oz for the gold, what´s the next step?
Friday afternoon I spoke with two gold dealers in London, they see the 860 the next 6 months, - can this be true?

Some folks on the Kitco forums reckon we will hit $900 before the year is out. I'm not that bullish, but long term bullish overall - should hit the thousand mark next year. There is only one way out of this mess for the US and UK is to put the printing presses into overdrive ie. hyperinflation.

EDIT: Spelling.

Does not matter what is the next target for christmas or easter! At the end of the day, if you opt for a long-term investment, you are in for a few multiples of your original investment. It is quite a puzzle to predict the short/medium-term gold rate direction considering the current economical turmoil.

Could this evaluation supply us with a short breather we need on the current gold bull? Surely a correction is due soon to drop it back below $800?

http://www.bloomberg.com/apps/news?pid=new...id=aDxNtwB6f864

Of course it seems almost every day we're hearing more and more sub prime woes and oil price highs. Tough call... Although I'm itching to get my hands on a few shiney ones so might just take the plunge.