Gold price can top $3000 says star investor

Where is the objective analysis in this article? It is nothing more than an advertorial by a gold fund manager.... I think the Economist is a more reliable commentator, and comes to very different conclusions.

Anything is possible, although I don't think those in power would like to see Gold do its own thing too quickly (but can they ultimately stop it)? It appears for now the price is languishing around 1200. All the 'talk' is deflationary. Since the summer months are traditionally weak for Gold a sharp pull back is all the more likely. I would think there could be a major low between now and the end of September, although I am reluctant to short Gold all the same! If there is a major dip in the price, then that is going to be a great entry point. Autumn - December see the best times for Gold and I can easily forsee Gold jumping right up during this period. I still see the markets hitting bottom by February, perhaps even sooner. Once again the market fall may be the initial catalyst to pull Golds price down, before reversing sharply back up. Beware the market fall good investors.

I wish it would hurry up!

Advertorial?

Of course.

Is he correct?

Quite likely.

Should you take a position?

Yes--one that is large enough to make a difference, but not so large as to hurt in the downtrends which are sure to occur.

The rise in prosperity in the Asian subcontinet-where gold is traditionally the most cherished asset together with the world's distaste for all flawed western currencies, together with little reward for holding them in terms of interest, all makes for an almost perfect storm for gold and in particular gold shares.

how many times have i heard this over the last year on this site 5-6?

My position is 45% positive over 3 years and I intend to stay with Gold. Follow the facts not fund managers or economists

I confess I'm responding to the title as I haven't even bothered to read the piece - repetitive headline journalism.

I'm a gold bug investor based on the simple premise that producing ever increasing amounts of fiat currency must eventually lead to its collapse and a flight to the only true store of wealth - precious metals.

The issuers of sovereign bonds in fiat currencies (USA in particular) are manipulating the markets of all asset classes to support their value and it could go on for years. I therefore say you should ignore the fundamentals (as much as the logic is staring you in the face) and simply day trade both stocks and commodities as we're clearly in a long drawn-out deflationary bear market.

Time to sell gold then.

Squeeze in europeav and US ecnmies seem flavour of the next few years, lets have some inflation and enjoy our lives.. Brazil did it why can,t we.?

Politicions have to prove they are cleverer than the last lot .

Money can be printed , Gold cant.

Stick with Gold.

what is the cost of production per ounce of gold.What would be a fair premium for this commodity free of hype and hysteria.,based on supply and demand.

Joe Foster's long term view on gold is most probably right. But at the moment he seems to be whistling to keep his spirits up. The price chart of gold in dollars is not looking good- very surprising given that the dollar is itself weak.

Norseman Gold a company in Australia (NSG) is a company which im Slater recently tipped in the Investiors chronicle he owns millions of shares in this company and he is usually proved correct

I read an article recently suggesting that silver was on the up due to lack of mines & the industrial demand. Any thoughts on this?

To Chris B, Why not just say you are bearish? Do you not appreciate that if the Central Banks are buyers of Gold then this is significant?

Also Gold has not entered its explosive period when all markets top out after a serious and big move to the upside

Couldn't agree more with Jonathan's comment above. Whatever your view on gold, this is the worst sort of lazy journalism - publish someone's opinion as fact, who has an outrageously clear vested interest in talking the market up. Straight from the 'change a few words in a press release' school of journalism.

The Tea Party's captive botnets have been sending what amount to chain letters to anyone they think might be a potential supporter urging them to short sell everything in sight - and apparently, they're already succeeding.

Since markets are leading indicators and have a major influence on consumer confidence, these "patriots" hope to cause another Crash similar to 2008 for the sole purpose of securing the election against incumbents.

This purpose may or may not be a legitimate one. But causing a Crash and a double-dip recession to do it is reprehensible.

Of course, it is not more reprehensible than an exact similar campaign waged by MoveOn.Org botnets in the summer of 2008 to help their candidates - and harm millions upon millions of Americans in the process.

We have to wake up to this vile - and Evil - behavior and do something about it.

Most real people - whether we call ourselves Republican or Democrat, Progressive or Conservative, Investor or Trader - don't make their purpose in life harming our fellow Americans, our fellow human beings.

But script bots and their botnets have no emotions, no morals, no integrity, no decency.

And we real human beings have now become mere pawns in "massive multiplayer games" which have moved out of the realm of World of Warcraft and Second Life and firmly into the realms of stock and bond markets and forex.

Am I being alarmist?

I suggest you Google "forex bots" or "algorithmic bots" or even "verbal sentiment bots" NOW. You will be shocked. Good! Because we ALL have to be shocked to the point we stop debating the wrong elements of Financial Regulation and start debating the right ones - how automated markets run by computers alone are literally destroying this country, this world, and all we hold dear.

Seems to me that if Euro / gold trades are unwinding as the author suggests, and as the summer period is normally weak for gold......then the POG at present is showing resilience at around $1200, not 'languishing' as some would suggest. That suggest new highs as we go into Autumn / Winter.