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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Are gold miners cheap?

Posted on 18 March 2013

Back in September 2012 when gold hit a high of US$1784.50 per ounce, Bank of America Merrill Lynch (BAML) analysts forecasted gold racing to $3,000 or even as high as $5,000 over the long term.
BAML’s analysts argued that gold was on a well-defined uptrend and that the best long story for commodity markets was gold. The big factor driving gold, according to BAML, was aggressive monetary policy easing. “You really want to be invested in gold,” BAML’s Sabine Schels, head of fundamental commodity research reportedly said………………………………………..Full Article: Source


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