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Precious Metals Explosion
November 07, 2007

Gold & Silver on the Move Again This Morning

Another rip-snorting morning for Gold has pundits confident that $850 is a forgone conclusion and that $950 may be a shallow and inadequate prediction for the end of the calendar year.

This mornings buying pushed Gold up to $835 at the time of this posting, with silver climbing to $15.50. Most all factors are in support of Gold's driving higher, this is a market with no end in immediate sight. Both Credit Suisse and UBS have raised long-range forecasts for Gold in the wake of yesterday's precious metals market explosion.

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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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