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Gold Could ‘Easily’ Exceed $1,500: Top Gold Miner

Posted By admin On September 27, 2010 @ 9:40 am In Featured Stories | Comments Disabled

Reuters [1]
Sept 27, 2010

Barrick Gold, the world’s number one miner of the precious metal [2], said on Monday gold prices could “easily” outperform recent record highs to rise above $1,500 an ounce in the next year.

“From what we’re hearing, there are still significant new buyers coming into the market,” Jamie Sokalsky, the company’s chief financial officer, told Reuters on the sidelines of the London Bullion Market Association here.

“My view is that we could see much stronger prices still from here,” he said, adding: “I can see gold easily taking out new highs and going above $1,500 an ounce in the next year.”

Spot gold rose to a record high of $1,300 [3] an ounce on Monday. Delegates at the LBMA meet were bullish on prices earlier on Monday, delivering an average forecast of $1,406 an ounce for this time next year.

Full article here [1]

Having A Supply Of Healthy Foods That Last Just Makes Sense (AD) [4]

Gold Could Easily Exceed $1,500: Top Gold Miner 140410banner4 [5]


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URLs in this post:

[1] Reuters: http://www.cnbc.com/id/39377316

[2] number one miner of the precious metal: http://data.cnbc.com/quotes/ABX

[3] rose to a record high of $1,300: http://www.cnbc.com/id/39373415/

[4] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[5] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[6] Gold Hits Record High Above $1320: http://www.prisonplanet.com/gold-hits-record-high-above-1320.html

[7] US Mint Runs Out Of Buffalo Gold Coins, Will Not Restock: http://www.prisonplanet.com/us-mint-runs-out-of-buffalo-gold-coins-will-not-restock.html

[8] Gold vaults $1,000/oz, momentum overwhelms: http://www.prisonplanet.com/gold-vaults-1000oz-momentum-overwhelms.html

[9] Gold hits new record high for third day: http://www.prisonplanet.com/gold-hits-new-record-high-for-third-day.html

[10] Inflation Fears May Drive Gold to Record High: http://www.prisonplanet.com/inflation-fears-may-drive-gold-to-record-high.html

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