More on Gold…. Don’t put your trust in Gold, but if you are a real investor, you really want to consider putting some of your money into Gold.
SAN FRANCISCO (MarketWatch) — Gold futures tapped the $700-an-ounce level Tuesday for the first time since October 1980, with the June contract last up $19.90 at $699.80. "It is not the fact that gold is close to breaking above $700 that has surprised us, but rather the pace at which it is expanding," said Matthew Parry, an economist at Moody’s Economy.com. He emphasized, however, that his company "does not … envisage the current bull-run having much further to go once $700 has been broken." Assuming the recent escalation of geopolitical tensions subsides going forward, and global inflation comes under control, the price of gold should return to negative territory, falling back below $600 in 2007…."