Gold to Hit $2500

You must be aware that spot gold as of today has reached the incredible price of $1759 after the recent downgrading of the American credit rating to AA+ by S&P. Miraculously the stock indexes recovered with numbers in the positive. Experts are baffled by the apparent rebounding and robust market despite the Dollar and the Euro showing signs of instability.


Gold continues to be a buy with analyst such as JP Morgan and others forecasting gold to hit $2500 by the end of this year. Our estimates of gold performance at Goldenladyfun is that two year gold will hit $5000. This is based on a strategy by the bankers to price gold beyond the reach of the average buyer. We will see. The G7 are scheduled to meet this week to discuss the current economic challenges.


Still rumors float around that the troublesome credit rating could be further reduced to reflect the deepening American debt crisis. The Administration's positive outlook has buoyed the stock market and has helped to postpone an eventual reconciliation by financial markets of fundamental economic indicators. The next week or so should prove to be interesting.