Wednesday, August 17, 2011

Gold Prices Predictions 2015 analyst predicts

Gold Prices Predictions 2015 analyst predicts ; Gold Prices climbed to $1746 per ounce in Monday's Asian trade before falling as low as $1732.35 shortly after London opened. They then rose to as high as $1755.90 in New York and ended with a gain of 0.75%.



In the closing keynote on the first full day of the 2010 World Mining Investment Conference in London yesterday, James Turk, founder of Gold Money, opened by reaffirming his prediction made at the end of last year that gold could reach $8,000 an ounce by 2015, based on past patterns of surges in the gold price.



What may be even more encouraging for the general investor is that his forecast also suggests that the Dow Jones Index would rise to similar levels as the world finally pulls out of recession, with the gold price matching the Dow index number. When asked at the end of his talk where he felt the gold price would be at the end of the current year, he reckoned around $1,800 to $2,000 - and also predicted that the more volatile silver price would achieve a level of $30 this year.



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