Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

SocGen: Gold price heading for $1,200, doubt miners’ cost figures

Posted on 18 June 2013

Gold at $1,200? That’s the price target Societe Generale’s Michael Haigh, Jesper Dannesboe, and Robin Bhar argue this morning will result from more ETF selling and not enough buying in jewelry, coins and bars.
SocGen uses the “b” word — bubble — as it argues the investment demand unwinding over the last several months has been key to the metal’s 12-year price rise. The firm also doubts gold miners will curtail production much in the event of a fall in gold’s price — on account of the trio’s contention that miners have inflated production costs………………………………………..Full Article: Source


 Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031