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It is time for Gold to shine but you may have to wait till Governments finally realize that they cannot stop the inevitable
Gold is poised to rise as the Governments all over the world has started printing their currencies with little regard to the future. The currencies will eventually collapse over the long run and gold wise shoot up through the roof never seen before since the collapse of Roman civilization.
Gold can rise to a hefty and lofty $5000 an ounce before end of 2010. The Dow Jones Industrial Average can build a base around 4000 to 6000 range. The commodities will build a base before trying to move up.
Gold price has an inverse correlation with the budget deficit with a nine months to eighteen months lag. Gold is in a corrective mode. Many savvy investors got fooled as they lost big sums of money in gold investments recently.
Gold has corrected about 20% while other commodities have corrected over close to 40% in the last several months. As US Dollar finally resumes its downward spiral journey, Gold will push through $1000 and move north of imagination. But you may have to wait for the dust to settle. Right now the Government Printing Presses are working 24 hrs. a day printing money with a futile hope they can stop the financial meltdown with some cheap political talks.
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