Silver Dollar Values Prices Skyrocketing, J.P. Morgan: Gold Price Guaranteed To Hit $1,800

Geopolitical danger from the Middle East as well as the risk of war between Israel and Syria and Iran remains seriously taken too lightly by market participants and can provide support for both oil and also gold. Read on...
By: Franklin P. Whitman
 
Feb. 3, 2013 - PRLog -- For the last month, the falls yesterday led to gold being 0.4% lower in dollar terms in January. It was also lower in euro terms however eked out powerful gains against the pound and Japanese yen each of which saw falls on global markets. How high will silver go? Learn more >>  http://www.silverpricestoday.cc/KITCO-SILVER/

Around the week, while gold is lower these days it appears set to get a little weekly rise in dollar terms and by more in other currencies. It's presently 0.45% greater in dollar terms and 0.35% greater in sterling terms but has noticed stronger gains in other paper currencies - 1.1% greater in euro terms, 1.9% greater in yen terms and 2% greater in Swiss franc terms.

While the euro has enhanced against the dollar as well as pushed the dollar index to its lowest level since the finish of December - each of the currencies look vulnerable to further falls against gold in 2013. A greater close this week might help the unfavorable technical and general sentiment towards gold due to the current price weakness.

U.S. nonfarm payrolls are published at 1330 GMT along with a unfavorable number should see more safe haven gold purchasing as was noticed following the poor GDP number this week. The CME Group stated it would add platinum and palladium choices onto its Globex electronic platform beginning towards the finish of February. They intend to cater to the growing investor interest in platinum group metals. New study confirms that getting gold in a portfolio acts as a currency hedge and can shield investors from currency volatility in emerging marketplaces. Rare Coins, Silver Coins, Gold Coins, Learn more >> http://www.silverpricestoday.cc/GOLD-COINS/

The World Gold Council examined eight periods of “crisis conditions” and discovered returns from portfolios that integrated gold in hedging had been 2.4% greater than investments lacking measures to counter exchange-rate risk. Gold beat currency hedges by 1%, according to the Council. Financial development in emerging markets, together with “aggressive” monetary policies in created nations, led to increases in interest-rates disparities and more costly exchange-rate hedging costs, they noted. The World Gold Council has long been in the forefront of supplying superb research displaying gold’s significance as a hedge, diversification as well as store of wealth for investors and savers.

JPMorgan predicts Gold At $1,800 by mid 2013 As South Africa “In Crisis” And “Escalating Instability” In Middle East. J.P. Morgan Chase & Co. stated gold would rise to $1,800 an ounce by the middle of 2013, with the mining industry in South Africa “in crisis,” based on reports. South Africa, once the largest gold producer confronts industrial unrest, high wage inflation and also adverse regulatory changes for local mines, Allan Cooke, an analyst in the bank, stated in a report dated recently.

Gold will get an increase in price from prospects of more stimulus from the U.S., Japan and Europe, the potential for escalating uncertainty in the Middle East as well as low interest rates, based on the report.

Geopolitical danger from the Middle East as well as the risk of war between Israel and Syria and Iran remains seriously taken too lightly by market participants and can provide support for both oil and also gold. Lately, the crisis intensified following Israel stepped into the Syrian turmoil by bombing the outskirts of Damascus. Russia criticized the attack as well as Syria has threatened retaliation. Our best recommendation would be to buy gold today while the precious metals prices are in the dips. How high will silver go? Learn more >>  http://silverpricestoday.cc/KITCO-SILVER/
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Source:Franklin P. Whitman
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