Mods, how to I change this to Global Meltdown? I put it in New World Order by accident.
Thank you.

I bought all my gold and silver a year ago - there is no real ceiling on precious metal possibilities - I suspect it may achieve $1,300 to $1,500 by end of the year.

After that it depends on a couple of things - firstly while interest rates are near zero in the US - that free money is going to follow whatever is trending up, and at the moment it is gold.

The other thing is if there is a real improvement in the US and worl economies - at the moment there has been no improvement, so this will continue to make gold attractive.

When the Fed raises interest rates - it is likely to make a sudden and serious adjustment, to try and curb percieved inflation fears. That shaking of the money tree will force all the speculative dollars out of gold, and as it falls it will hit stop losses, so any news of the Fed increasing interest rates will result in a fairly spectacular loss for gold (IMO).

The fall however, will be short lived - so if you see gold fall sharply - and you have cash available, take it as a buying opportunity. I would say, dont be too quick - because the dollar should rally for a fair while after the news of the Fed increasing interest rates - I will be trying to target a buy in where gold is starting to rise, and the dollar rally is approaching a top.

However, making a good buy in on gold during that period will require quite a degree of luck, and a lot of homework.