Tuesday, November 17, 2009
china confidential
How High Will Gold Go? Peru Miners Have a Theory
Top-drawer Peruvian gold miners have a new theory about the rise of gold.
The precious metal's price per ounce will seesaw between the $1,000 range and $1,200 for about two years, these experts predict, with no guarantee of a $1,000 floor, because it will take two years for the widely anticipated inflation to kick in worldwide.
After that, the sky is the limit, they tell China Confidential.
The Peruvians expect gold to climb all the way to $4,000 an ounce in 2012.
That is the good news, in their view.
The bad news? Production and exploration costs will also soar. So supplies will remain tight or tighten ... which could further affect the price of gold. Or not affect it ... assuming inflation and economic chaos are the key drivers.Obama Fails to Impress or Persuade China
Tuesday, 17 November 2009
Click here for the story. Even the pro-Obama Times can't put a good face on the fact that the the trip was a total flop. China's leaders have the upper hand--and know it.
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