2007: Gold's Outlook(ZT)

"2007 may well be the year when mainstream investors rediscover hard assets," said Jon Nadler, an investment analyst at bullion dealers Kitco.com. "Precious metals, especially gold, will make headlines that we have not seen for a generation," reports Fin24.

** "In the new year, oil and gold will still rule, according to Outstanding Investments, a top-performing newsletter Editor Justin Litle says, "A lot of chickens will be coming home to roost in 2007. It could be the year we see oil above $100 ... the year gold breaks its 1980 highs ... the year silver jumps over the moon ... the year developing-world economics and infrastructure woes really hit home ... and that is just a start," reports MW ."

"The best news? You're not too late to join the gold rush. says author/CEO Craig R. Smith in his newest "Future of Gold 2007" financial journal. Bull markets in commodities run 15 to 23 years on average. Experts say these first five years have been a “stealth” bull market, mostly hidden from the public. But not for much longer! The mass media is slowly informing the public about the exciting prospects for gold. We suggest staking your gold claim ASAP, way ahead of the crowd,"

"Growing political tensions around the world created a safe-haven bid for the metals reports MW. , with traders focused on increased tensions with Iran after the United Nations agreed to enforce sanctions against the Tehran government for enriching uranium,"

"From Monday (Christmas Day), The Shanghai Gold Exchange lowered the size limit for trading in gold reports Mineweb.com. bars from one kilogram to 100 grams in a move to make trading in the precious metal more accessible to small private investors,"

The current commodity bull run could last until 2014-2022, according to commodity expert Jim Rogers. "It's only a matter of time before the beleaguered US dollar loses its status as the world's reserve currency," says Rogers.

"I see gold surpassing $730 next year (2007) on its way to $3,000 within a decade. Gold is the purest play against the dollar. Other countries are trying to diversify their dollar holdings. They're buying gold and anything they can to get out of the dollar," said Louise Yamada, managing director of Yamada Technical Research Advisors LLC to Bloomberg.

"Iran has started substituting euros for dollars in oil sales reports Bloomberg. , cited an unidentified person at the Oil Ministry Thursday. Iran Daily reported Iran wants to cut its dollar-based transactions to a minimum, citing Minister of Economy Davoud Danesh-Ja'fari,"

"If the bad news persists the greenback may be caught in a perfect storm as liquidationreports DailyFX.com. will become disorderly and traders will dump dollars regardless of price,"

"Gold is expected to close the year on a stronger note and has potential to set new highs in 2007 reports Reuters. , but the market will continue to remain choppy in the near term, chartists said on Friday,"

"Gold should remain in a bullish mood as dollar weakness and diversification continues James Moore, a precious-metals analyst with TheBullionDesk.com to draw investor money back toward commodities,"

"The biggest question isn’t so much ‘why is the dollar falling now?’ - it’s more ‘how has it managed to defy gravity for so long?’ writes MoneyWeek Deputy Editor John Stepek. The US economy is not really in a position to sustain a strong, or even particularly healthy currency,"

"The metals in general seem to be heading for another run at record prices said Kevin Kerr, editor of Global Resources Trader. as central banks and individual investors may be getting ready to dip their toes back in,"

"I see Google briefly crossed $500 in November. Big whoop! The raging debate one year ago says Craig R. Smith. (November 2005) was whether gold or Google would be the first to cross the magic $500 level. Gold won that race hands down, crossing the $500 level on November 29, 2005 and has not fallen below $500 since then. Meanwhile, Google stock didn’t reach $500 until one year later, then fell back below $500 after Barron's said they thought Google had an 'exceedingly rich valuation' "

"Gold is a true barometer of public confidence in leadership and in paper currencies. reports Craig R. Smith. The mercury is rising in the golden barometer today because we have become one nation under debt. A simple solution is to convert a portion of your "paper" or confidence-based assets to into gold -- the only asset that's not someone elses' liability -- thus putting yourself on a personal gold standard,"

"Gold has been used to crown kings and fill cavities, for high-end jewelry and high-flying space travel.writes USA Today of new NYC gold exhibit which runs Nov. 18 - Aug 19, 2007. For thousands of years, in practically every culture that has been exposed to it, gold has represented wealth, power, and prestige,"

"The most explosive action in the gold bull market is still ahead of us and fortunes will be made reports Goldstockbull.com by those with the patience and nerve to jump onboard, while sentiment is negative and most passengers are getting off. The train has yet to leave the station,"

"Over the next 12 months we see gold with a $50 downside risk and a $100 upside potential.Frank Holmes told CNBC Morning Call in November 2006. We see this as a combined result of China and India ("Chindia"). Also driving gold prices up are comments from Russia's taking oil revenue and adding gold to reserves,"

Craig Smith, also interviewed with Mr. Holmes said, "I think 2007 is going to be a very good year for commodities and gold. I see nothing to support the dollar as we face a major changes of leadership in Washington and the real possibility of the dollar retesting it's 1992 lows."

"Marc Faber, editor of the Gloom, Boom & Doom Report, is convinced that gold and silver will go dramatically higher reports Bill Fleckenstein at MSN. in the next few years. He expects that when the world's central banks are forced into a real print-athon, gold will truly explode. And the more they drive up the financial markets -- the faster gold will go up. He believes the bear market in stocks, relative to gold, will continue and that accelerate the more that authorities attempt to fight it,"

"The supply-demand fundamentals remain strong and, given the loss of wealth resulting from the dollar's 30% decline Joe Wickwire of Evergreen Investment fund recently reminded CNBC Closing Bell. over the last five years, diversifying a portfolio with 5-10 percent in gold over this same period would have overcome the negative impact of a falling dollar... Gold provides a good balance,"