Thursday, January 31, 2008

Four signs that gold has further to rise

It's been a great start to the year for gold - and its fellow precious metals - so far.

In fact, I’m beginning to wonder if my target of a high in gold of $1150 an ounce this year was a little conservative. Perhaps I’m feeling too exuberant and that’s a warning signal, but there are certain signs that suggest an intermediate-term top is coming - I'll tell you what they are in a moment - and I don’t see many of them.

In fact, if the Federal Reserve cuts interest rates later today by half a point, we might even see my target before the end of February...

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