$2,000 gold, Motley Fool analyst says

 For all those investors out there who remained uncertain about the forward trajectory of gold and silver prices, Federal Reserve chairman, Ben Bernanke, has just offered you a hand-written, embossed, and gilded invitation to participate in the greatest secular bull market of our time.

With his open-ended pledge to purchase additional mortgage-backed securities at a rate of $40 billion per month, and his simultaneous extension of the zero-bound interest rate through at least mid-2015, Bernanke has launched his third QE rocket to send gold and silver on yet another explosive ride to the upside. ...

Although it may be difficult to predict the precise scale of QE3 given its open-ended structure, I think we can make some safe presumptions about the program that render fresh new all-time high prices for gold and silver an extremely likely near-term outcome. For starters, I think it's safe to expect QE3 to eclipse the $600 billion scale of QE2, and in fact I consider BNP Paribas' anticipation of a $1.17 trillion tally quite reasonable under the circumstances (even if any follow-on announcement may be dubbed "QE4"). Second, I expect related monetary interventions from other major central banks to add more fuel to gold's fire.

And finally, I think it won't be long before public consensus grows around the inevitability of additional global monetary easing since few seem to view this latest set of moves as a quick fix for an immensely challenging global economic condition.

With those and a host of additional factors in mind, I am following up on my successful prediction of the impact of QE2 on gold and silver prices by offering $2,000 gold and $50 silver as comfortably conservative interim targets for this latest major rally of the ongoing precious metals bull market. 

More information can be found online at http://www.goldbullionadvisors.com