Targets for gold and silver by year end

When Bear Stearns fell in March, gold peaked at $1,034 and silver peaked at $21.44. With Fannie and Freddie about to go under, along with a few other institutions in the near future, it is all but certain that the March highs will be taken out. The question is, as gold and silver rally to unchartered territory, what will be the next target before any kind of consolidation? I realize that such attempts turned out to be futile for crude, and precious metals will probably end up shocking everyone as well, but it's fun to guess. So here's my conservative targets for gold and silver by the end of the year...

Gold: $1,100
Silver: $24



Update on 7/22/08: Targets seem more likely early next year.