Money Morning Mailbag: Soaring Gold and Silver Prices Point to Profits in Equipment & Drilling Industries

Gold yesterday (Thursday) continued a four-day rise soaring as high as $1,399.70 an ounce as the dollar fell for a second consecutive day. " Gold is up primarily on dollar weakness and economic optimism, " Adam Klopfenstein, a senior market strategist for Lind-Waldock , told Bloomberg . "This is very positive for gold on the future inflation front." This week Money Morning Contributing Editor Peter Krauth showed why gold and silver are still headed for gains in the New Year, following a 2010 surge.