PRLog (Press Release) - Sep 08, 2011 - Obama has called on Congress to pass a bill to inject more than $447 billion into the world's biggest economy with substantial infrastructure investment and a large tax cut on payroll taxes of workers and small business owners.

Rick Amory, a Senior Broker at Lloyds International in Brazil is bullish on the news and says “The President's plan shows just how concerned the government are about the economy and is suggestive of another round of quantitative easing which would support a further rally in the gold market in the near future."

Spot gold is down 1.1 percent for the week but gold remains in it's 11th bull market year with most brokers and investment professionals expecting big things from the yellow metal.

Rick Amory goes on to say "Investors are once bitten, twice shy when it comes to the equity market. They want safety and performance and gold will show them both. I fully expect gold prices to reach $2500 by the end of the year"

Unemployment benefit applications rose last week signaling that the labor market is struggling to gain momentum with 414,000 claims. This is a further sign of U.S. economic problems.

Both Rick Amory and Mark Goodman will be attending the Latin American Investment Forum at the InterContinental, São Paulo in Brazil between December 12-13. For further info contact RIck or Mark at Lloyds on +1 866 978 7654 or visit http://www.lloydsint.com/contactUs

Disclosure: Both Rick Amory and Mark Goodman at Lloyds International are long on gold with several call options with expiries ranging from October until December.

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Commodity trading services to clients in over 60 countries. Lloyds International offers a state of the art trading platform to each of our clients from our offices in Brazil and Costa Rica. FInd out more about the Lloyds advantage http://www.lloydsint.com