will the price of gold go up or down in the next 12 months? today is may 9, 2007.?

what do you think, what is your 1 year forecast/prediction on where gold prices will be. thanks.

Public Comments

1. everyone would like to know the direction of the economy but, then again, if they did, the information would be worthless. gold tends to move in adverse direction of the economy, i.e. it is a hedge against recession, inflation, etc. Thus, the worse things get, the higher gold prices will go; the better things are the more likely gold prices will drop.
2. Yes. The price of gold will go up or down in the next 12 months.
3. I think it will go up. However, if you are interested in making money in stocks, look at ANZ. It is the money of Australia and New Zeland. It is much more stable than the dollar and should do better than gold.
4. BosCFA almost has it right. The price of gold will go up AND down in the next 12 months. Some days up, some days down.
5. 800 by this time next year! ///
6. There is too much liquidity in China and the Oil producing countries - Large gold deposits in friendly geography is difficult to find - Largest Gold Companies in the world expect the price to move higher - as they have spent 4 years de-hedging - Load you safe at home - Gold $775 in 12 months