
"The same market participants who got out of gold are coming back in now. This is the start of an upward move," said Carlos Sanchez, analyst with CPM Group in New York, who predicted prices could climb back to $1,000 by year's end.
Silver prices also jumped. The December contract soared $1.158 to settle at $11.675 an ounce
Well it looks like finance investors are heading for commodities, and that is nothing but good news for the small inependent miner/prospector
I think that the prediction is rather conservative, 1500.00/troy oz. by May 2009 is my guess.
The thought of small prospectors never crossed my mind but it is nice to know some little guys will have some upside in all of this.
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