Gold Rallies on Bernankes No News Speech , we are in a situation that resembles pre Lehman with the banking crisis in Europe there is not only a liquidity problem that is building but also an insolvency problem , people are losing faith in paper money worldwide , we will see a $2500 Gold in no time , Ben Bernanke is more likely to announce Qe3 or whatever he will call it during the coming FED meeting in September we will more likely see gold at $2000 by then
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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