20.03.2009 - CIBC stands pat on $950 gold this year, $1050 in 2010 |
From Mineweb.com: CIBC World Markets says it is maintaining its forecast of $950/oz gold this year and $1050/oz for 2010. In a recent analysis, CIBC metals analysts Barry Cooper, Cosmos Chiu and Brain Quest declared, "Strength in gold is coming from investment demand that is unprecedented." They suggested that gold ETF demand "is offsetting any fabrication slumps that are occurring due to decreased discretionary spending on luxury goods.".....Full Article: Source |