http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B55621F78%2D5E02%2D4773%2D8E7C%2D7A07CE297D2F%7D&tool=1&siteid=bigcharts&dist=bigchartsTraders say investment shift sets up $1,000 price by 2010
SAN FRANCISCO (MarketWatch) -- Gold has reached $600 an ounce for the first time since 1981 but the real surprise will be where it goes from here, with experts predicting a drop in the near term that could clear the way for four-digit prices in the next few years.
"Gold at $600 an ounce might be a surprise to many, but these are the same people that were surprised when gold hit $300, when it broke $400 and when it moved to over $500," said Emanuel Balarie, a senior market strategist at Wisdom Financial.
"Most likely, they will still be surprised when gold hits $1,000 an ounce," which could come in the next three to four years, if not sooner, he said.
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B01EF8E64%2D33BE%2D44EE%2D9145%2D33EEC63136C8%7D&dist=newsfinder&symbol=&siteid=mktwGold revival a lesson in investing
Commentary: Why doomsayers are usually wrong
We haven't heard from you lately, at least not the way we used to. That was back in the day, only four or five years ago, when gold prices were languishing between $250 an ounce and $300 an ounce, having gone nowhere but down for 20 years.
You were a gold bear. Nay, a mega-gold bear; telling anyone who would listen that gold was a dead metal, an outdated investment with no real reason to still exist in the global financial system. After two decades of poor performance, you had written gold off.
Well, look at you now. Gold is about to pass $600 an ounce for the first time since January, 1981. Investors who believed -- and there were plenty of them -- have doubled their money. Buyers of silver, platinum and copper have also prospered. See full story.
And oil? Forget about it. Remember those who said there was really no reason that oil would ever be above $20 a barrel again? That was back in the late 90s when it was around $15 a barrel. Now it's pushing $70.
http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nTP244766ANALYSIS-Heavy on metal, funds return with gusto
The big boys are in with their hedge funds - it's going to be a bumpy ride - look back to what they were doing with oilTAIPEI/SINGAPORE, April 6 (Reuters) - Seemingly turning their backs on oil, the world's powerful investment funds that comb the planet for big returns are placing bold new bets on metals.
Enamoured both by the glitter of gold and the more workmanlike copper, funds are expected to drive the two metals to peaks that could be key psychological turning points for markets.
Gold looks unstoppable in its march to $600 an ounce -- the highest in more than a quarter of a century -- while copper is rippling through record after record towards $6,000 a tonne.
Some analysts say that since the start of the metals boom at the end of 2003, gains by commodities such as copper have lagged those in oil, but the recent steeper rises reflect the inflow of new fund money that will support higher gains in base metals.
"The story played out first in oil, but it's the same story about underlying strong demand growth and finite capacity for supply side to react," said Michael Coleman, managing director of the Singapore-based hedge fund, Aisling Analytics.
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