und CBS teilt uns gestern DAs hier mit...
RESEARCHER NAILS GOLD-PRICE FORECAST
SAN FRANCISCO (CBS.MW) - A funny thing happened on the way to the gold
rally: one analyst issued specific, month-by-month forecasts that thus
far are hitting the mark.
The spot gold price Tuesday morning rose $5.20 to $376 an ounce, its
best since November 1996. The gain earned the precious metal a 9
percent
return since Jan. 2, when gold stood at $345 an ounce.
Nearly all bullion analysts, on Wall Street and Main Street, link
gold's continuing rally to tensions in the Middle East and in North
Korea. For his part, James Turk is convinced the talk of war in Iraq,
or
a nuclear showdown in Asia, have little to do with gold's 25 percent
gain in 2002 and the metal's current gains.
The longtime editor of New Hampshire-based Freemarket Gold & Money
Report (http://www.fgmr.com/) instead points to monetary metrics that
compare the ascent of gold, or its decline in the 1990s, to government
budget spending trends and the supply of paper money flooding the
globe.
On Tuesday, for instance, Russia, joining China and several other
countries in a shift toward bullion-linked reserves, said its central
bank will boost gold and foreign-currency holdings to $55 billion by
year's end, a rise of 17 percent.
RESEARCHER NAILS GOLD-PRICE FORECAST
SAN FRANCISCO (CBS.MW) - A funny thing happened on the way to the gold
rally: one analyst issued specific, month-by-month forecasts that thus
far are hitting the mark.
The spot gold price Tuesday morning rose $5.20 to $376 an ounce, its
best since November 1996. The gain earned the precious metal a 9
percent
return since Jan. 2, when gold stood at $345 an ounce.
Nearly all bullion analysts, on Wall Street and Main Street, link
gold's continuing rally to tensions in the Middle East and in North
Korea. For his part, James Turk is convinced the talk of war in Iraq,
or
a nuclear showdown in Asia, have little to do with gold's 25 percent
gain in 2002 and the metal's current gains.
The longtime editor of New Hampshire-based Freemarket Gold & Money
Report (http://www.fgmr.com/) instead points to monetary metrics that
compare the ascent of gold, or its decline in the 1990s, to government
budget spending trends and the supply of paper money flooding the
globe.
On Tuesday, for instance, Russia, joining China and several other
countries in a shift toward bullion-linked reserves, said its central
bank will boost gold and foreign-currency holdings to $55 billion by
year's end, a rise of 17 percent.
