Monday, July 13, 2009

Weak dollar pushes up Gold price

Well it's Monday and thanks to a weak dollar it has pushed up the price of Gold to around 920 per ounce up about 8 bucks. I think this is a great spot to get in at because I think it is inevitable that gold will hit $1000/oz before the year ends.

Second quarter earnings results should definitely play into the price of gold as blue chip companies get ready to release their earnings reports.