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Volatile Gold Leads to Interesting Predictions
May 12, 2008



Gold Bomb on the Horizon?

Volatility in spot gold prices is leading to some wide and varied predictions for the most popular of the precious metals. Reading through many, many comments over the last few weeks leaves one wondering where gold and the other precious metals might be headed. No one has a supreme answer, but several traders are now expecting extended corrections for gold over the next few months.

Some are looking for spot gold to drop down to the $800 an ounce level by June or July at which point they can see lots of support. Here are links to a few of the more interesting predictions along these lines of thought:

From the Resource Investor site, a prediction by Interfax-China

From Jim Rogers of the Quantum Fund, a buying level

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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