Gold News

Gold Investment championed as 'bulls return from bloodshed'

The investment opportunity in Buying Gold has been championed by one industry expert who believes that the Bull Run looks set to continue following its recent slowdown.

Matt Zeman, a metals trader at LaSalle Futures Group in Chicago, said that the US dollar's weak performance is paving the way for the return of the bull, according to the Sydney Morning Herald.

He told the news provider: "The dollar is losing its mojo … the gold bulls are coming back after last month's bloodshed.

"We continue to print money with reckless abandon, so that's why people are buying up hard assets like gold and oil."

Further support for the possibility of an emphatic return of the Bull Run can be found in the comments of GFMS chief executive Paul Walker, who believes that Gold Prices could rise significantly during 2010 and into 2011.

He told miningmx.com: "I am bullish on gold for the next 12 to 18 months. A Gold Price of $1,400 per ounce would not surprise me."

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