NQ Minerals Plc (NQMLF)

[BillyBoy68]

As I expected, when the price of Gold broke above $2,000 per ounce last Tuesday, the media (television, radio, press and internet) shared that information with the public. Wow, what an influx of new demand for the popular Gold and Silver coins. With mints backordered, as much as a month to six weeks, and very little profit taking from holders, the premium continues to remain strong.

As the Gold price continues to outperform my conservative estimates, my year-end prediction of $2,200 may be too low. But, to maintain an orderly rally, it would be good for Gold to spend at least a month trading in the $2,000 to $2,100 per ounce level. That would give investors the time to take profits or add to their holdings, while giving dealers the opportunity to pick up fresh inventory and fulfill back orders.