Are you Prepared to Act for the Coming Increases in Gold?
After reaching
record highs above $725
per ounce, metals prices
retraced some of their
incredible gains, but the
Blanchard Economic Research Unit says the bull market in gold is still very much a
reality and that the current price declines are partly due to seasonal fluctuations.
“We’ve entered a period when the gold market has been traditionally weak from June
to August. In each of the last four years, gold has gone sideways or downward through the
summer, and this year is no different. We fully expect to see new metals market highs later
this year of $800 gold and $18 silver.”
—Blanchard Chairman and CEO Donald W. Doyle, Jr.; 7/28/06
