http://www.bloomberg.com/news/2011-07-20/newedge-sees-gold-at-1-800-in-2011-silver-at-70-by-march-on-asia-demand.html?cmpid=
Gold prices will surge to $1,800 an ounce by the end of this year, and silver will soar to $70 an ounce by March as physical demand climbs in Asia and investors seek a haven asset, Newedge USA LLC said.
SS
HAHA - Silver at 70
Time will tell.
Why didnt they say this when Silver was at $10???
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“Millions of Chinese people are moving from the countryside to cities annually and that migration is leading to new jobs and new wealth, and the money is being invested in various opportunities,” Frawley said. “And you add to that the growth and modernization of India. The outlook for metals is very positive.”
SS
Such an idiotic argument?
These millions of Chinese also migrated in 2008 - so why did Gold fall 35% and Silver 60% in 2008???
I bet they have no answer to that.
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Gold prices will surge to $1,800 an ounce by the end of this year, and silver will soar to $70 an ounce by March as physical demand climbs in Asia and investors seek a haven asset, Newedge USA LLC said.
SS
HAHA - Silver at 70
Time will tell.
Why didnt they say this when Silver was at $10???
===
“Millions of Chinese people are moving from the countryside to cities annually and that migration is leading to new jobs and new wealth, and the money is being invested in various opportunities,” Frawley said. “And you add to that the growth and modernization of India. The outlook for metals is very positive.”
SS
Such an idiotic argument?
These millions of Chinese also migrated in 2008 - so why did Gold fall 35% and Silver 60% in 2008???
I bet they have no answer to that.
==========
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