The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (298288)	12/15/2010 6:56:43 PM
From: Jim McMannis	Read Replies (1) of 306849

Silver Forecast to Rise to $40/oz in 2011, $400/oz by 2015 Mark O'Byrne Published 12/15/2010 resourceinvestor.com Gold has fallen in dollars but is flat in sterling and euros this morning. Moody's has cut Spain's debt rating on contagion concerns which has seen the euro fall. Germany's opposition to further government financed aid is leading to tensions with the ECB, which is itself now under financial pressure and may need an increase in capital if it is to continue buying sovereign European debt. Gold is currently trading at $1,388.70/oz, €1,042.18/oz and £886.54/oz. The risk of contagion is real and many analysts believe the crisis will escalate early in 2011. This will lead to continued safe haven demand for gold and should see gold once again perform well in 2011.

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