Gold price to rise sharply within the month?

[jakon]

On news24 there is an article that announced that the Sri Lanka central bank bought over $375m gold as security, and india over$0.7bn. It also states that the gold price is most likely to rise to $1300 at new year 2010. Will this be an opportunity to speculate in the short term with goldfields?

[john_1]

gold and gold miners are two very seperate things..buy gold if you think the price of gold will rise..

[SimonPB]

and then watch the rand erode your gains .. as a non US$ trader making money from gold is exceedingly hard ..

[kwagga]

In SA you trade sentiment when you trade almost any Gold share. That doesn't mean you can't make money from it, but it does make it harder.