Covered Calls On Gold

The price of gold will rise to a record of $1,450 a troy ounce in the next year, driven by a loss of faith in central banks’ ability to prop up the global economy. Source: London Bullion Market Association conference in Berlin, Sep 28, 2010 The prediction was made yesterday by bankers, producers and analysts attending the biggest gathering of the gold industry. If correct, it would mean an increase of nearly 11 per cent on Tuesday’s record price of $1,307 an ounce, triggering big profits for the world’s largest gold miners, such as Barrick Gold, Newmont Mining and AngloGold Ashanti. The LBMA poll has proven an accurate forecast over the past few years even if the presence of… . . . → Full Story: Covered Calls On Gold