Hunt Gold Corp. (HGLC.PK): Where are Gold Prices Going in the Future?
Although many would have expected Silver and Gold to be hitting all time highs during the recent market turmoil over the financial system, both metals have actually been hit pretty hard. Silver has fallen the most, going from $19.55 an ounce in July of last year to just less than $8.50. What made this happen? Although there are theories of manipulation and governmental interference, we will focus on what is 'known'. First, hedge funds were forced to sell their positions in the market as their clients withdrew their funds. Many of these institutions were highly leveraged, causing an even greater…