Gold Prices set to go on fresh Bull Run, says expert - 17 February 2010

Now could be the perfect time to Buy Gold, with Gold Prices expected to experience an upturn, according to one industry analyst.

Kishori Krishnan, a gold market commentator, believes that Gold Prices could be set to hit a Bull Run sometime soon, provided the surrounding economic conditions remain conducive for such a rise, according to Gold Investing News.

Krishnan said: "The debt of the US government is turning out to be in fact irredeemable. And gold is poised to break out. Remember, gold outperforms in a crisis.

"As long as the US monetary and fiscal policies remain debt-based, all the signs herald that gold’s Bull Run is just around the corner.

The possibilities of such a run have gained credibility recently, with Gold Prices rising $71 in the past two weeks, according to Gold Alert.

That brings Gold Prices to $1,120, just short of its all-time high.

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Goldbug, 17 Feb '10