The question of the day is will gold reach 2,000 dollars per ounce in 2013? We have a wonderful free binary options signal for November 14th from the signal coyote team.

Raymond Key who is a London based global head of metals trading at Deutsche Bank AG thinks that next year Gold will reach 2,000 dollars per ounce. He thinks this because next year central banks will ramp up stimulus to help sustain the recovery. €We'll take out $2,000, we'll go higher,€ Key was quoted in an interview in Hong Kong, China.

Gold is headed for another year of gains, because of concerns that stimulus by governments and central banks will help promote recovery. The central banks are worried that the global recession and Europe's debt crisis will continue to decrease currencies. Last week we saw record numbers holdings in gold by globally traded funds. €Gold out of all the metals will be the best performer,€ Jeremy East, of Standard Chartered Plc, said in a November 12th interview.

The US Fed said on October 24th that it will be buying 40 billion dollars of mortgage debt a month and probably might hold interest rates near zero until 1025. The US Fed feels this will be a big boost to the economic and cut the jobless rate even more. Also, we found out in late October 30th that the European Central Bank will continue to buy bonds of countries that are in debt. All of this is starting to create the perfect storm for your Free Binary Options Signal for November 14th from Signal Coyote.

Earlier this month gold hit a nine-week low $1,672.75 after better than expected U.S. jobs data strengthened the dollar. Overall the Dollar Index, which measures the Dollar against six other currencies has gained more than 1 percent because of continued problems in the Euro zone. €The outlook's pretty positive for gold but people shouldn't expect too much, we're dealing with a market that's fundamentally long,€ said Deutsche Bank's Key. The Signal Coyote Binary Options team agrees with Key's very much on this statement.

So far this year, Brazil, South Korea and Russia have added on to their gold reserves. So far this year nation's around the world have bought 254.2 tons of gold and are well above last year's record of 456 tons purchased.

With Gold continuing to be bought at record levels, Quick Draw feels it is time to pull the trigger. Right now, Gold is trading at around $1726 and the Signal Coyote Binary Options team feels this is a great level for a call. With continued buying up of gold by countries from around the world, it is time for you to act on this Free Binary Options Signal.