Gold prices near all time highs as dollar continues drop.
<[email protected]> Fri, 16 Nov 2007 07:01:17 -0800
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Day Trader Watch Report Shaky market makes gold a solid investment with great returns. Hemisphere Gold Inc (HPGI) $1.14 "The surging oil price is an important factor and investors are using gold as an inflation hedge," said Mark O'Byrne, director of Gold and Silver Investments Ltd., in a research note. "But of more importance is the dollar falling to new all time record lows against the euro and a basket of currencies.” Amid the current conditions Gold is becoming an attractive shelter from a stormy market. Up over 120% in the last 30 days, Hemisphere Gold inc. has been making waves among investors with announcements of finding gold during advanced exploration in the Suriname Gold Belt. Next weeks expected marketing campaign to increase investor awareness will certainly make HPGI an attractive investment amid a rising gold market. This week has already seen sizable increases in share prices and we expect it to take off next week as more investors become aware of this companies progress. Early investors are expected to see large returns in the coming weeks.