GO
Loading...

Gold: About $640 /Ounce - The Debate: Priceless

Tuesday, 2 Jan 2007 | 3:08 PM ET

Gold starts the new year just at about $640 an ounce. But where will it end the year? Soaring or stumbling? We asked the editors of two highly rated investment newsletters who hold widely differing opinions.

Kevin Kerr is Editor of Resource Trader Alert, He's a gold bull and believes ETF(exchange-traded funds) and Central Bank gold buying will drive gold higher.

He says “There is so much interest in this medal we see it climbing.” He added, “We did see a major correction last year but that’s because there are new investors in the market who couldn’t handle the shakeout.”

Doug Jimerson is Strategist at National Trendlines and he’s not a gold bull. That makes him a gold bear.

He said, “Last year we saw a big reversal in gold. I’m a big picture investor and when I see big reversals I have to be cautious. I see gold trading between $540 and $650 next year and I think there is potential to hit that low."

Prospect for Gold
A look at whether gold can hit a new record high this year, with Kevin Kerr, Resource Trader Alert Editor; Doug Jimerson, Natl. Trendlines Editor-in-Chief; and CNBC's Erin Burnett.

Contact

  • Showtimes

    United States
    Monday - Friday 2:00P ET
    Europe
    Monday - Friday 20:00 CET
    Asia
    Tuesday - Saturday 02:00 SIN/HK
    Australia
    Tuesday - Saturday 04:00 SYD
    New Zealand
    Tuesday - Saturday 06:00 NZ
  • Brian Sullivan is co-anchor of CNBC's "Street Signs."

  • Co-anchor of CNBC's "Street Signs," Amanda Drury is based at the network's global headquarters in Englewood Cliffs, N.J.