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

Why the gold price MUST go higher

Posted on 21 December 2012

Markets are made of opinions, some better than others.There are always plenty of opinions about gold. And right now they’re clearly making the market. Just not in the way you would think. “There are too many bulls, including me,” warned hedge-fund and commodities legend Jim Rogers to CNBC overnight. He advises caution if you’re buying gold on this drop. Unlike most everyone else.
Swiss bank UBS last week kept its 2013 forecast for gold to average $1900 per ounce – a rise of 14% from the 2012 average so far – while fellow London market-maker Barclays now sees gold averaging $1815 next year, a snip off its previous 2013 forecast………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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