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Gold Prices for the Year of 2010 Revisited

March 23, 2010

In our featured article published last month, we gave our view on the gold futures and gold prices for the year of 2010. Our conclusion was that

"We believe that we will see flat or even meld decline for the gold price in 2010." See the link: Where Will Gold Price be Heading for 2010

Now three months into 2010, the gold price acted just like what we predicted. While all major market indexes are creating one new high followed by another one, gold prices have stood after reached $1,200 per ounce in December 2009.

See S&P 500 chart

via the GLD chart for the last six months. You can see that the gold price has been traded in a narrow range of $1,025 to $1,125 per ounce.

Of course, that does not mean that we cannot find good investment from GOLD stocks. Not all gold stocks created equal. Our Portfolio invested two of them during this period of time: AZK and NG and made good return on both of them.