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$1,700 Gold Is On The Horizon

Written by Staff Writer

gold is money 2538120 640$1,700 Gold Is On The Horizon, Says Analyst -Kitco
"A potential correction in the equities market, coupled with rising U.S. debt levels, will play in gold's favor, said Jay Taylor of J. Taylor's Gold, Energy & Tech Stocks. 'I think we need to get through $1,350, $1,360 [an ounce], and then the first major target that I see, and I'm not sure of the timing, I think we're looking at $1,700,' Taylor told Kitco News on the sidelines of the Metals Investor Forum in Toronto. Taylor noted that this target is unlikely to be met this year, adding a one to two year time horizon."