4 Major Developments in Gold

By Jason Hamlin
Sep 15 2009 10:42AM

www.goldstockbull.com

Gold has finally breached the $1,000 level and looks like it might hold the line on this latest attempt. I anticipate that this psychologically-important level will turn from resistance into support as gold makes new highs towards the end of 2009. If I am correct, right now is the last chance investors will have to purchase gold for under $1,000/ounce. A series of new and significant events have unfolded over the past few weeks that have influenced the precious metals markets and will likely continue to support gold's price advance. If you are a gold investor, it is important that you understand these events and the impact they are likely to have on your investments.