David Galland Says Gold Could Hit $1,000 ‘Almost Overnight’
Sep 18th, 2008 | By David Galland | Category: Featured, Financial NewsGold 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.”
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