Gold Prices Hit Record Highs as Ongoing Geopolitical Events Drive Rally; Earth Dragon Resources, Inc. (EARH.OB) Poised to Benefit
Gold prices have risen to record heights for the third time in a week, supporting Earth Dragon Resources, Inc. belief that the ceiling is potentially much higher yet. Gold futures for April delivery settled at US$1,434.50 at 1:32 p.m. on the Comex in New York yesterday. Last week, the metal climbed 1.4 percent, extending the rally to six weeks, the longest since September 2007. Because the Earth Dragon's economic model was predicated on gold prices in the US$1200/oz range, the company is in an increasingly advantageous position to capitalize on the record high prices. The company's ability and motivation to…