Gold Could Hit $1,700 by End of the Year: Analyst

Gold is likely to hit $1,650 an ounce by the end of the year and could even hit $1,700, according to one analyst.

"The continuing sovereign debt crisis in Europe, and in the U.S. there is the possibility of further stimulus, so all this generates an environment that is positive for gold," Ong Yi Ling, investment analyst at Phillip Futures told CNBC Monday

Spot gold [XAU=  1612.71    -1.34  (-0.08%)   ] has had its longest winning streak in four decades, and it surged above $1,600 an ounce earlier Monday, rising for the second consecutive week as weak confidence in the global economic environment saw investors seek security.

Ong told CNBC that silver [XAG=  40.22    -0.09  (-0.22%)   ] could benefit from the rally in gold prices, despite many investors piling into the metal, only to see prices plummet back in May.

THIS INFORMATION WAS TAKEN FROM THE CNBC WEBSITE.. THIS IS JUST FOR THE PORPUSE OF SHARING USEFUL INFORMATION ON THE GOLD TREND THAT`S HAPPENING NOW 

Gold hits all time nominal High $1624/oz today

The price of gold. overnight gold hit an all-time nominal high -- $1,624 an ounce. it's backed away a bit from that high here as we have about 15 minutes left in the floor session for trading. but we are looking at gains in gold that have a lot to do with what's happened in the debt crisis here in the u.s. and around the world. $140 jump in the price of gold so far this month, on track for the biggest monthly increase since april. meanwhile when you look at what's happened to some of the gold etfs, the amount of inflows we've seen in those gold etfs, we've seen huge inflows and long open interest in gold futures. that's also been climbing steadily.

THE BIGGEST MONEY INCREASED SINCE APRIL 2011. THIS A CYCLICAL TRADE, IT`S NOT AN IN AND OUT . IT`S AN INVESTMENT TRADE FOR INVESTORS/PARTICIPANTS ON THE GOLD TRADE

THIS MAY GO OVER 1,800 UNTIL THE END OF THE YEAR...!

EXPERTS SAY THAT THIS MAY GO UP UNTIL MID NEXT YEARS OF 2012.

INFO@MINERAPERU.COM

Silver is consumable industry metal it is used up in electronics and more...!

Silver to become a rare earth metal, it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply

Silver is a vital commodity to our way of life. Silver is a precious metal that is being trashed as an industrial metal. As a result, it is within years of becoming the first metal to become extinct according to the USGS. At some point the shortage is going to become so obvious, that people are going to rush to turn in their depreciating dollars for real silver money. That is just the monetary demand of silver, the industrial and strategic demand is another huge factor we should consider.Silver is a precious metal a monetary metal and an industrial metal, Industry alone requires over 900 million ounces each year , Silver has antibiotic antibacterial anti fungal and anti microbial properties . Silver is used in Dentistry Photography electronics Mirrors optics Medicine and in clothing , Silver is the best thermal conductor of all metals and The Best Electrical Conductor ,Silver is also an important catalyst in chemical processing.As far as getting it out of the ground, that will take energy which seems to be only getting more expensive,China is now the world’s third largest silver miner after Mexico and Peru, and the world’s largest Silver refiner,Get in on the bonanza and get your physical silver today while it is still available at a affordable price. In the next few years you may loose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes and economic chaos appears in your area - you will be happy you did .USA geologist society have predicted that Silver will be the first element of the periodic table to run out by 2020. Physical silver outperformed the mining stocks by 4 times during the last bull market .Only about 2% of COMEX silver contracts are actually settled by physical delivery, and the rest are settled for cash or rolled over , Decades of market manipulation has made silver the most underpriced commodity in history Be thankful that you have realized this in time to capitalize.JPM and HSBC are behind the Big Silver Short.Get yourself some physical silver and take possession if you want any certainty of cashing in before the paper silver derivatives become worthless.The COMEX does not have the 103 million ounces they claim to have.

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