Tue, Jul 29, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold prices could skyrocket to $3,500, in wild unorthodox estimate from Citi analyst

Posted on 30 August 2013

Gold prices could climb to $3,500 per ounce in the next few years, well beyond double the current market price of $1,411, according to an unorthodox estimate by Citigroup Inc analyst Tom Fitzpatrick.
Fitzpatrick argues on technical and historical grounds that the long-term trend for gold is strongly bullish. “We believe we are back into that track where gold is the hard currency of choice, and we expect for this trend to accelerate going forward,” Fitzpatrick told the blog. “We still believe that in the next couple of years we will be looking at a gold price of around $3,500.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36151 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031