Gold May Gain 35% In 2010
NEW YORK (Commodity Online): Investors can expect a gold bull market in 2010 while silver could outperform gold as was the case in 2009, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital.

"Gold rallied sharply on the first trading day of 2010 - in part, mirroring a weaker U.S. dollar but also reflecting reestablishment of long positions by some funds and speculators who, despite their bullish view of the market, sold metal in December to realize profits earned from last year's price surge.

"I expect the yellow metal will hit $1,500 an ounce or higher during the year, a gain of more than 35 percent from its Dec. 31 close. Looking further ahead, gold's bull market will likely continue for another few years, carrying the metal to a cyclical peak of at least $2,000 or more. At the same time, silver could very well outperform gold, rising from $17 an ounce at the end of last year to an annual high of at least $25 sometime during 2010, a gain of more than 45 percent from last year's close.