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Steve Sjuggerud: $1000 gold is here to stay
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Friday, September 04, 2009
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By Steve Sjuggerud in DailyWealth:

For almost two years now, gold has been hovering between about $800 and $1,000 per ounce. It's been a year and a half since gold last closed over $1,000. Quietly, I've been getting worried...

If the Credit Crisis couldn't push gold over $1,000... and if the prospect of the Next Great Depression couldn't push it over $1,000... then what would happen when the economy started to return to "normal"? Would gold crash? It sure could.

And now it seems that "normal" is returning...

In the last few months, the world has come back from the abyss. I've repeatedly said the U.S. recession is over. The crazy fears that the world was ending are behind us for now.

But a funny thing has happened... gold is quietly moving up.

Now this is important - incredibly important. You see, this is exactly the way a REAL bull market works...

Read full article...

More from Steve Sjuggerud:

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Topics: Gold | Steve Sjuggerud | Commodities
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