Gold has just burst out above US$900 again (A$1028).
I am anticipating with the Fed and Congress recent "knee jerk" inflationary moves and the level of uncertainty and paranoia around we will now see gold now heading to the self fulfilling prophecy of the US$1000 mark. The Australian dollar is not doing that well at the moment on the back of lower base metal prices etc and the fear of a wages explosion so this is excellent for the local gold price.
Even my "conservative" Financial Planner is now bullish on gold producers as a part of a growth/higher risk superfund portfolios. I beat him by twelve months.
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