| Richard Davis, manager of the BlackRock Commodities Income Investment Trust, tells Robert Miller why demand for commodities will remain strong and how gold bullion prices could 'easily go to $2,000'.
The two commodities that attract the most investor attention – and indeed speculators – are oil and gold. The BlackRock portfolio under Mr Davis has taken a big position in oil, often referred to as “black gold”. “Long term,” he noted, “we think that the oil price has to remain above $100, and it has to be above that level in order to encourage new supplies to come on.”..............................................Full Article: Source
|