Many traders have been shocked as Gold has already risen $120 off of the recent lows. But silver, which has been quiet for some time, may finally be ready to make a move. In this exclusive interview with John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management, sees gold,Silver and the mining shares headed [...]
Gold and Silver prices changed directions very sharply throughout 2011 but concerns about Eurozone debt crisis and slow recovery of US economy led to investors scrambling for dollar as a safe asset than gold leading to the current bearish trend, according to Prithviraj Kothari, Director of Riddisiddhi Bullions Ltd.
Gold and Silver to regain their shine during 2012, describing gold’s pullback from record highs during the latter part of 2011 as temporary weakness, said Commerzbank in a research note.
The Reserve Bank today allowed all authorised banks to grant permission to companies to hedge the price risk of of all commodities, barringgold, silver and platinum, in the international commodity markets.
When it comes to picking gold mining names in the current market environment, John Stephenson believes that buying quality is the way to go and predicts $2500 gold this year.
Metals consultancy Thomson Reuters GFMS said gold is nearing the end of a 10-year run that has lifted prices by more than 600 percent and it expects the metal to peak at a record above $2,000 an ounce between October 2012 and March 2013.
Gold miners expect the price of the precious metal to continue rising in 2012 and are updating their mining plans accordingly, PricewaterhouseCoopers said Monday.
Gold and silver prices in India, world’s largest consumer,would be expensive by Rs 600 and Rs 1500 respectively on import duty hike by the government, according to Rushabh Mehta, analyst with Commodity Online
Gold and Silver to regain their shine during 2012, describing gold’s pullback from record highs during the latter part of 2011 as temporary weakness, said Commerzbank in a research note.
Gold has risen 7.4% in Euro terms in the first two weeks of the year. Given the scale of the crisis, new record highs in Euro terms could be seen in the near future. Demand for the physical metal remains highs as reported by UBS and Indian demand seems to be more stronger than expected. [...]
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