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UBS suggests gold has potential US$2,500/oz upside

Posted on 13 March 2009

From Mineweb.com: UBS Investment Research has moved gold to overweight from neutral, citing the “broad uncertainties in the current macroclimate.” In their Q-Series: Gold research, analysts Daniel Brebner and James Luke, strategist John Reade and economist Larry Hatheway said they have determined that “future returns on gold are likely to be positively asymmetric, with potential upside US$2,500/oz.”

The team also suggested that the current environment as “having a ‘low margin of error’ for central bankers.”…. Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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