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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Lamphier: Bullion bull predicting a gold rush to $2,200 in 2013

Posted on 20 November 2012

Investors who dreamed of a record year for gold prices have had little to cheer about thus far in 2012. After touching an all-time high of more than $1,920 US an ounce in September 2011, bullion has struggled to regain that lofty level since. Even after Monday’s surge of nearly $20 an ounce, gold is still about $190 or nearly 10 per cent below last year’s record peak.
Meanwhile, many leading gold stocks have taken a beating as rising costs, construction delays and operating snafus have hammered producers’ profit margins………………………………………..Full Article: Source


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