This is a must read article if you are a gold bull or sceptic…

Gold bull still has a long way to run

By Adam Hamilton & Scott Wright | 21.09.2009

One-thousand Federal Reserve Notes per troy ounce! This past week gold edged over $1000 to close at its highest levels ever witnessed. This much-maligned investment has nearly quadrupled since its secular bull’s humble beginnings in April 2001, a fantastic 297% gain compared to the S&P 500’s pathetic 7% loss over this 8+ year span.

With gold being the best-performing major asset of this decade, and now surpassing the once-unthinkable $1000 mark, many investors are growing wary of its future prospects. Is gold too high today? Are $1000+ levels unsustainable? Is gold’s secular bull nearing its end after this metal’s epic run? These first tentative steps over $1000 are really fanning the flames of doubt.

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The only way is up … for gold
Colin Jacoby
Monday, 21 September 2009

THE gold bulls are out in force today at the Excellence in Mining and Exploration 2009 conference with an analyst tipping the precious metal to hit $US1300 an ounce by the end of the year and $2000/oz in 2010.

In the first session of the conference this morning, Martin Place Securities managing director Barry Dawes told delegates that the outlook gold was bullish with prices expected to be strong into the foreseeable future.

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