NEW YORK (MarketWatch) – Gold’s appeal as a safe-haven investment is likely to overcome the typical summertime lull, analysts said Friday, after surging oil prices and escalating geopolitical fears drove prices in the yellow metal to a nearly four-month high.
Safe-haven lure likely to buoy gold over summer lull
11 Friday Jul 2008
Posted in Uncategorized
Dare Something Worthy Today Too! 
Just wait til Israel Bombs Iran nuke facilities! Then all bets are off i.e., supply and demand will not count. If the summer is inactive geo-politically then we still have the mortgage mess here in the states, exploding commodities prices, and inflation whether acknowledged or not eating away at the value of our dollars in our wallets. If the latter happens and all is quiet then expect gold to consolidate in the $880-$940 oz. range and start climbing again in the 4th quarter. Next Leg in rally should carry us to $1200-$1500 oz. However, if Iran Nuclear facilities are bombed by Israel or U.S., we could easily see $2000 oz. gold.
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