Certified Coin Projections Posted by James Randolph on June 17, 2009
June 17, 2009 – The United States economy continues to show signs of instability today as the dollar continues to decline along with the gold spot price and several major stock indexes, thus the latest certified coin projections are mixed based on the uncertainty with investment markets at the moment. Earlier in the year, certified coin projections predicted that summer could be a powerful time for gold, with a floundering United States Dollar and rising crude oil prices paving the way for spot prices to surpass their all-time record highs. Several speculative certified coin projections even forecasted that the gold spot price could climb anywhere between $1200 and $1500 per ounce before the end of the summer. As the season approaches, it appears that significant changes need to occur with investing markets in order to truly pave the way for skyrocketing spot prices. Above all, the United States Dollar needs to show a major weakness versus other fiat currencies, and we could see this in the near future if major countries continue rivalling the strength and prominence of the dollar as the world’s main reserve currency. This being said, it’s very important that precious metal investors keep a close eye on the daily news in order to potentially determine the short-term future of their investments.
By around 12 PM Eastern Standard Time, the gold spot price has taken a minor step back today, currently sitting at around $934.30 per ounce, down $.50 for the trading day, yet still up $16.90 in the last 30 trading days.
Senior Staff Writer – Certified Gold Exchange