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Citi Investment forecasts $1,450/oz gold, $25/oz silver

Posted on 12 October 2010

From Mineweb.co.za: Citi Investment has forecast a consolidation in the LME copper price as Chinese copper imports decline over the next couple of months due to very high copper prices. “Short term upside for base metals may be limited,” Citi advised, “but we expect gains for most of them in the medium term. Aluminum and copper are our favorites.”
Citi also revised its short and medium-term forecasts for gold to $1,450/oz. However, Citi analysts suggested that medium term, “silver could outperform gold if global industrial production keeps recovering.”………………………………………Full Article: Source

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