Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (71829)	12/23/2009 8:37:07 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

The main reason for gold to rise in price is because the cost of production is increasing. The other reason is speculation fever. Speculation fever will evaporate as panic thoughts ameliorate as time marches on and the end of the world is again deferred. <With governments around the globe printing confetti with abandon there is justification for gold and other commodities to rise - > Mq gold predictions here: Message 26194580 It doesn't cost $1100 an ounce [in 2009 dollars] to dig gold so gold is too expensive. But because of the bung currency and political ideology, there is a good chance that US$ will continue to suffer financial relativity theory effects causing gold to rise further with $1400 per ounce predicted for 31 December 2010 by Mqurice the Marvelous [having got the $1100 per ounce spot on for 31 December 2009 as predicted a year ago]. Mqurice

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