Gold, Precious & Base Metal Plays

[NYBob]

Gold hit two historic milestones in 2008 -

First, in early March, the “yellow metal” hit its all-time
high of $1,030 an ounce -

Just three months later, the price of gold for December
delivery had plummeted to $681 an ounce, a 21-month low
and 33.9% drop from its record high -

Most gold bugs were equal parts puzzled and broken-hearted -

The world’s stock markets tanked, as did some of its
biggest economies.
In such an environment, they thought, gold should have risen.
After all, gold is widely considered to be a safe-haven
investment when everything else is spiraling south.

In the past year, commodities prices skyrocketed –
across the board.
That was especially true of oil, which hit a record high
$147 a barrel.
Corn, wheat, and soybeans all hit record highs, as well -

That price escalation tightened household and corporate
budgets, and was a primary reason why the U.S. economy
posted a gross-domestic product (GDP) decline of 0.3%.
With that negative growth, the third quarter was
the beginning of what many experts believe will be
the nation’s first recession since 2001 -

However, the inflation epidemic has waned significantly,
as global demand for raw materials has plummeted -

Price for such staple foods as corn, soybeans and wheat
have all come down from their record highs –
in near-lockstep fashion -

And not coincidentally, gold has fallen 22% in that same
time frame -

However, the pending commodities rebound – a projected
slow-and-steady increase in commodity prices that will
reverse the breakneck plunge below fair value that
commodities have experienced for much of this year -

The expected path of gold prices in the New Year -
Reveals another wild card inflationary indicator that may
carry gold prices to $1,500 an ounce by the end of 2009 -

How does this relate to gold? It drives up the price! -

Well, Got Gold..ex..CRN bargain -
one of Canada, BC large gold mines..dd..
fmy2pen....
http://www.crosslakeminerals.com/s/Home.asp

http://investorshub.advfn.com/boards/board.aspx?board_id=8158

God Bless