Golden Day

Well it's another golden christmas day and with gold trading remaining tight leading up to the holiday period, I can see we are in for another gold bull run in the new year.

Gold this year started off trading around the $1,100 p/oz and having broken through the $1,400 p/oz which is in excess of 25% p/oz, which is a lot lower than the $2,000 p/oz mark that some gold commentators were calling at the beginning of 2010.

Where to now for gold for 2011?

I can see the the gold market opening up in the new year with a push up over $1,400 p/oz and with the U.S Fed not showing any signs of changing the current policy on printing their fait currency anyones guess where we will end up.

The general public will start to play it's part in this market soon driving up the gold prices to a point where we could see a large correction, firstly we are yet to see the average Mr Joe on the street start buying and talking about how many bars of gold they have tucked away. When we see the subject of the current gold price talked about at parties, Sunday afternoon bbq's and over a coffee or a beer this when it becomes interesting, much the same as the real estate boom when everyone was a property expert the same people will now becoming experts in the gold market and we know what happened then!

Anyones guess when this will happen, but i am sure it will and when it does watch the gold price fly.

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