Is Gold going to $1500 soon?

Jordan Kotick, global head of technical analysis at Barclays Capital, wrote in a note e-mailed today that Investors should hold onto long positions in gold as bullion has “significant upside potential” to reach as high as $1,500 an ounce, read it here.

Another interesting article from Seeking Alpha says “Gold to $3000”
Here are some Gold and Silver stocks, ETFs and ETNs if you are interested…

Stocks – GG, SLW SLV AEM EGO AUY THM GORO KGN (THM, GORO, and KGN are under $10 and are not discovered that much yet!)

Long Leveraged –
SPDR Gold Shares – GLD – Closing Price - $102.36
PowerShares DB Gold ETN – DGL – Closing Price - $37.54
PowerShares DB Gold ETN – DGP – Closing Price - $24.71

Short Leveraged –
PowerShares DB Gold Short ETN – DGZ – Closing Price - $21.47
PowerShares DB Gold Double Short ETN – DZZ – Closing Price - $16.61
Ultrashort Gold Proshares – GLL – Closing Price - $11.75
Ultrashort Silver Proshares – ZSL – Closing Price - $4.70

History
The idea of gold ETF was first officially conceptualized by Benchmark Asset Management Company in India when they filed a proposal with the SEBI in May 2002. However it did not receive regulatory approval and was only launched later in March 2007. The first gold exchange-traded fund actually launched was in March 2003 on the Australian Stock Exchange under Gold Bullion Securities (ticker symbol "GOLD"). Gold Bullion Securities (GBS) are fully backed by gold which is both deposited and insured. GBS was launched to give financial institutions and private investors the ability to own gold and gain exposure to the price, without the inconvenience of storing physical bars or opening a futures trading account.

A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!