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Merrill Lynch kisses up to gold, predicts it will hit $1,500

Posted on 05 February 2009

From Seekingalpha.com: Gold prices could hit $1,500 as global plans to rescue the financial industry are set to increase inflation pressures, according to analysts led by Francisco Blanch at Merrill Lynch.

“The unintended consequence of the ongoing financial bailout will be a return of inflationary pressures to the commodity markets,” wrote the analysts in a note released Monday. The analysts didn’t say when gold would hit the price target. They also predicted oil prices will rise to $150 a barrel….. Full Article: Source


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