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Gold Silver Forecasts

June 29, 2009 – Heightened inflationary concerns and fears that dollar-backed assets could continue contracting are causing many market analysts to release new gold and silver forecasts predicting a bullish long-term future for both metals. Historically, wise investors flock to gold and silver as a hedge from inflation, and this is exactly what we are seeing today with safe haven demand climbing slowly but surely amidst this worsening financial crisis. Several market analysts have released new gold and silver forecasts saying that both metals may continue trading inversely to the United States Dollar Index, which means that if the dollar continues to flounder, spot prices could continue to increase. The latest short-term gold and silver forecasts have predicted that gold may reach its all-time record high of $1033 per ounce by next month while silver may reach $18 per ounce by around the same time, yet the only way that this could occur is if dollar-backed assets continue to weaken, which in turn creates higher safe haven demand by investors looking to protect their hard-earned wealth. If you’re interested in learning more about this diverse and elaborate market, feel free to browse the website in order to gain useful insider’s tips that could help you maximize your investment potential.

By around 5 PM Eastern Standard Time, precious metals are slowly decreasing in value, with gold currently sitting at $937.30 per ounce, decreasing $1.70 for the trading day and silver currently sitting at $13.84 per ounce, decreasing $.23 for the trading day.

Shannon King

Senior Staff Writer – GoldSilver.org

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