Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: heinz44	4/4/2007 4:29:31 PM
	of 78428

Gold will trump 1980 record price average Allan Seccombe Posted: Wed, 04 Apr 2007 [miningmx.com] -- THE gold price will surpass the 1980 record average of $614.50/oz this year and it could also breach last year’s 26-year high of $725, GFMS chairman Philip Klapwijk said in the precious metal consultancy’s Gold Survey 2007. “Quite whether we’d then get close to the all-time high of $850 is more doubtful, but I’d certainly expect the upward price trend to continue on into 2008,” he said, adding the increase would be driven mainly by investment. Investment dropped in 2006 compared to the previous year as the market adjusted to a more active buy and sell side rather than just buying, he said. Implied net investment fell 20% in 2006 to just under 400 tonnes. upward price trend to continue into 2008“Continued weakness in the US dollar, ongoing geopolitical tensions and strong commodity prices, coupled with fundamental support appearing on price dips, continue to make the investment case for gold strong,” Klapwijk said. “On this basis, GFMS expects investor interest in the yellow metal will persist for at least the medium term, providing essential fuel to the continued rally in the gold price that could see it reaching a new nominal high for the rally to date in the next 12 months.”

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next