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« OPTIONTRADER Banks 44% Profit in 4 Days! | Main | 3 Steps to Geographically Diversifying Your Gold Stocks »

John Ing Comments on the Record Gold Price

John Ing on BNN 12 May 2010.jpg

John Ing, president and gold analyst, Maison Placements Canada, discusses gold's new record high and his outlook for bullion-related stocks on BNN, we don't get to see enough of him so this is well worth a watch.

John positively zips through the reasons for the rise in gold prices including, the EU bailout package, the debasement of currencies, the volatility in the broader markets, investor anxiety, the distrust of the Institutions including such Wall Street icons as Goldman Sachs etc.

He then covers the various vehicles available to us for investing in gold, ETFs, physical gold and gold stocks which are now starting to perform. He likes the mid caps and expects the exploration stocks to do well. We struggle with explorers due to the added risks inherent in prospecting, but each to their own.

In terms of predicting gold prices he sees $1350/oz in a month or so and $2000/oz by the end of the year, now that will buy the baby a nice hat!

Also keep an eye on Australia where the proposed new tax hike on mining companies could put a real dent in gold production down under. If any of our Aussie readers could give us their views from the ground, so to speak, they would be very much appreciated by the team here.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

Over on our sister site, we have been rather fortunate to close both the $15.00 and the $16.00 options trade on Silver Wheaton Corporation, with both returning a little over 100% profit.

If you would like to get a bit more bang out of your buck, then check out our Options Trading Service please click here.

For the analysis of a recent options trade that we have just closed please click this link.

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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.

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