We are conducting a poll on where gold will go next, to $1000/oz or to $1200/oz.
As you are probably aware Peter Grandich has recently doubled his bet with this release:
Posted by Peter Grandich at 8:25 PM on Sunday, February 21st, 2010
Hello Perma Bears!!! I’m doubling my wager to $100,000 and its good for the next 72 hours.
I hope they can learn of my offer before they head for the hills.
His previous challenge read as follows;
I will wager $50,000 U.S. Dollars that gold closes above $1,200 before below $1,000 basis the Comex spot price. I challenge gold perma bears like Kaplan, Nadler and Soros to be the first to put their money up where my mouth is.
As suggested by one of our readers, Ryszard, we should conduct a poll, so this is your chance to vote on it and we will see just how many bulls and bears we have.
Go for it.
All the best.
Got a comment then please add it to this article, all opinions are welcome and appreciated.
For those interested in getting a bit more bang for your buck and adding a touch more excitement to your portfolio, then check out our Options Trading Service please click here.
To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.
For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.
For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.