Gold Bulls Eye $1,000 Bullion

Source: thestreet.com  (12/25/07)

The usually cautious Jessica Cross, CEO of the London-based consultancy VM Group, says gold prices should get a double boost next year from continued declines in the value of the dollar and the uncertainty of a U.S. presidential election combining to drive up demand.

If the experts are right, gold could be poised for another banner year in 2008.

Experts say they expect continued weakness in the dollar and robust investment demand, and that prices for gold could surge to above $1,000 an ounce in the next 12 months, according to a broad cross-section of professionals interviewed by TheStreet.com.

As with last year, everyone in the group sees a continuation of the historic bull run. But this time there is also a distinct bias toward favoring bullion and the bullion exchange-traded funds, such as streetTracks Gold Shares and iShares Comex Gold Trust, over mining stocks...

The usually cautious Jessica Cross, CEO of the London-based consultancy VM Group, says gold prices should get a double boost next year from continued declines in the value of the dollar and the uncertainty of a U.S. presidential election combining to drive up demand.

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