Dear shareholders,
In an effort to keep you up to date on all pertinent information regarding precious metals, please see the attached article by Mark O`Byrne, Precious Metals Analyst titled, Institutional and Retail Demand to Create "Perfect Storm" for Gold and Silver Prices.
Both technically and fundamentally gold is looking as good as it has ever done and prices are set to surge in the coming months. Informed speculation is that once the election is over on November 4th we will see fireworks in these markets and a price surge akin to that seen in the late 1970s. In the four years after the election of Jimmy Carter, gold surged by more than 700% and given the confluence of even more bullish factors in this election year, we are likely to see a similar price surge.
Gold Investments Market Update - Institutional and Retail Demand to Create "Perfect Storm" for Gold and Silver Prices
By Mark O`Byrne
Precious metals analyst
Mark O`Byrne
29 September 2008 @ 08:43 am EST
Gold and silver rose slightly Friday (gold closed at $881.20 up $6.80 while silver closed at $13.38 up 19 cents). They were thus higher (gold by 2% and silver by 8%) for a second consecutive week which is very bullish from a technical basis and with momentum and the trend now up it looks like the sell off is over and we should reach $1,000/oz in the coming weeks.
Please click here to view the article in its entirety.
Regards,
AGORACOM Investor Relations
