New Data On Loncor's Prospects Point To Share Appreciation

Despite a stall in its longer-term uptrend in the last quarter of 2011, gold prices have been off to a great start in 2012 as the larger institutions ease their buying of treasuries and dollars in favor of commodities and stocks. Supplementing gold's return above $1700/ounce in recent trading has been the Federal Reserve's dovish stance on monetary policy, set to continue until at least 2014. In Ben Bernanke's own words, "the Committee decided to keep the target range for the federal funds rate in 0 to 1/4 percent and currently anticipates that economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least until late 2014."

This implies that the typical gold bug's case against the greenback will have additional merit for quite some time. The most watched central bank in the world, the Federal Reserve, is essentially reemphasizing its stance of accommodative monetary