Dollar weakens against euro as U.S. equities gain… Oil recovers from 3-1/2 year low … Traders look to U.S. auto sales figures to guide platinum

Gold eases in quiet trade, traders eye next week’s data… Gold set for biggest gain since 1999 on safe haven buying

Gold prices closed up $70 yesterday – the biggest one-day spike since 1980. This marked a sharp reversal from a two-month correction that shaved over 25% off the price of the precious metal.

David Galland says profit taking by institutional investors has ‘trampled’ metal prices. But the deepening crisis on Wall Street, geopolitical tensions and a traditional September bounce could send gold soaring back towards $1,000 an ounce. David says this could “happen literally almost overnight.”

Here’s a no-brainer long-term investment strategy to stick to: buy and hold resources now.

After reaching a record level, gold has lost some of its momentum lately. That can be seen in a number of different ways. Gold and Options Trader’s Ed Bugos sees this as only good news. Gold should have another surging summer, and now is the best time for investors to get in by playing the “dips”.

Wonder what’s happening with the gold market lately? So has David Galland, of Casey Research. (publishers of Casey’s International Speculator) Here he offers some insights into the current state of the precious metal… and the companies that mine it.

Gold starts to rally as dollar profit-taking kicks in. All eyes on the euro over the next couple of months. Do you want in on this? Now’s your chance. Watch out for Peak Finance!