Gold Price Will Likely Be $1,600 Long Before Everyone Realizes What Is Taking Place!

April 9, 2011 - PRLog -- Precious metal cost per ounce rates for contract gold and silver have already been kept aloft this week by investors looking for elevated security outside from the much more volatile stock marketplace sector. Gold and silver cost trends moved greater through the week and posted record levels via the latter half from the trading week.

This morning, stocks had been initially positioned to make up for losses as stock futures had been posting green values. By mid-day trading today nevertheless, the main marketplace indices had been tracking within the red once more. Threat of a main government shutdown brought on turmoil within the marketplace location these days and stocks decreased as the threat loomed and also the possible shutdown drew closer. Eventually, stocks ended the session, and week, with losses. The dollar slipped to the euro today. http://silver-dollar-values.com

As investors prepare for the shutdown, safe haven appeal for gold and silver will grow stronger. Spot gold was popping up these days and gold for June delivery was more than $14 greater by mid-day today. Silver touched a high not observed in more than thirty years. By the end of day close, the main index composites had been all in negative territory. Gold is within the midst of favorable components. The precious metal tracking board was coated in green today. Gold for June delivery was greater by 1.01 % at $1474.10. Silver for May delivery was greater by 2.67 % at $40.61. http://silver-dollar-values.com

The gold cost soared almost 1% Friday morning, touching $1,474 per ounce - an additional all-time high for the yellow metal. The cost of gold has climbed 3.1% this week alone, surging on the back of weakness within the U.S. dollar along with a broad-based move into tangible assets. Gold’s sister precious metal, silver, eclipsed the $40 level for the time in more than 3 decades. Silver persists to outperform gold, gaining 6.3% this week.

As the gold cost approaches the $1,500 per ounce level, it's set to trade at fresh record highs for the fourth consecutive day. The U.S. Dollar Index (DXY), a basket from the world’s top currencies, sank to fresh 52-week lows this morning, assisting to drive not just gold greater, but also silver, copper, and oil costs. Silver has observed heavy inflows in current weeks and now sits higher by 30.1% year-to-date, far north from the 3.7% rise within the gold price. http://silver-dollar-values.com

Gold and silver equities rose in pre-market activity using the Market Vectors Gold Miners ETF (GDX) increasing 1.3% to $63.35 per share. Barrick Gold, the world’s biggest gold producer, climbed 1.4% to $54.60 whilst Newmont Mining (NEM) advanced 1.1% to $58.92.

Although bullish gold sentiment has crept greater over the course of the week, it nonetheless remains nicely beneath levels historically related to intermediate-term tops within the gold price. You could see a really fast gold price move of a couple hundred points perhaps to $1,600 prior to anybody understands what’s going on. Now would be a superb time to purchase gold and silver prior to the next massive price rises.

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