Gold and Silver

Kitco gold analyst: Gold should go down to $800 soon

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From Hard Assets Investor:

Even though gold has backed off a bit in recent days, it's still hovering around historic highs, closing at $1,224.10/oz on May 17, 2010. And given the recent euro crisis, interest in the yellow metal—from both individual and institutional investors—is at a fever pitch.

But don't get swept up in the hype, says Jon Nadler, metals market analyst and PR head for Kitco Metals, Inc. The precious metals expert says gold's real fundamentals support a much lower price, one we'll soon return to once...
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