go go gold

The value of chasing gold at present certainly seems to be borne out by this market comment released today.

"DJ MARKET TALK: Gold Bull Run To Extend Another 3 Years - BMO

2307 GMT [Dow Jones] Gold's seven-year bull run set to continue for at least another 3 years, says BMO Capital Markets analyst Bart Melek. Price of bullion surges
$110/oz since mid-January to around $915/oz, suggests good times to continue in 2009; prices rally despite stronger USD, ebbing inflation but gold boosted by flight-to-quality buying as investors seek safety of physical bullion. BMO forecasts gold to average
$925/oz in 2H09 and 2010, with spikes likely easily topping $1,000/oz next year. But 1H09
expected weaker with prices trending around $850/oz as gold appears to have run ahead of its main drivers, USD up, disinflationary risks growing. Spot gold at $913/oz, down $2.30 vs NY close (EFB) "

In some ways that comment appears to be conservative compared to some predictions of a major spike upwards in the gold price later this year. However this present comment still paints a good future for the gold price at around US$925 an ounce.