don't afraid of any mild correction. buy on dip. gold is expected to reach $1,565.00 in 2011. and $1,690.00 for 2012. that's 10% increase for 2011 and 8% increase for 2012. which are considered very small increases and conservatively. remember 2010. gold up a lot. silver should continue to follow gold uptrend for these two years. up how much?. it's hard to predict silver. some said at least $50.00 for 2011. some said more than that. beside silver is really in short supply. industrial demand couple with china and the rest of the world buying for safe haven purpose. i would said that within two years. silver coins can still make double. but be very careful when reaching that area. for me. i am a collector. i might not sell anything. not because of silver or gold. it's because i like to collect coins. that's my hobby. or else if i am after the profit. i might sell them long time ago. and now that those metals are up. i got nothing. see this video below.
Market Nuggets: Goldman Looks For Further Gains In Gold During 2011 But Peak In 2012
15 April 2011, 11:18 a.m.
By Kitco News
(Kitco News) -- Goldman Sachs says it looks for gold to continue rallying in 2011 as quantitative easing keeps U.S. real interest rates low. “We continue to view the persistently low level of U.S. real interest rates as the primary driver of our bullish outlook for gold over the next 12 months, with U.S. dollar-denominated gold prices expected to peak in 2012 when rising U.S. real interest rates remove this fundamental support,” Goldman says. “Importantly, our bullish view of gold prices has not been based on the expectation of substantial inflation in the near term, but instead on our US economists’ forecast for U.S. inflation to remain relatively subdued, averaging 2.5% in 2011 and 1.6% in 2012. Clearly, a higher level of inflation would present upside risk to our gold price.” In a research report released Friday, Goldman’s gold forecasts are $1,565 and $1,690 per ounce in six and 12 months.