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VM predicts further short term base metals price decline, but some recovery by end-2009

Posted on 22 December 2008

From Mineweb.com: The latest metals monthly report from Fortis/VM Group suggests that the majority of the metals markets must expect further price declines in the first quarter of next year, before a recovery that will take prices higher by year-end; although gold will be more robust.

The Group’s price forecasts expect gold to be, at $850, at the same level in twelve months’ time as it is now (and, for that matter, as it was twelve months ago, more or less), while looking for $12 silver, $900 platinum and $180 palladium, an increase of 13% for silver, of 6% for platinum and no change for palladium. …. Full Article: Source


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