Reasons For Gold To Stay Strong
By Yaser Anwar, CSC of Equity Investment Ideas
I expect gold to remain strong through out the year because of:
Inflationary pressures in the US
Geopolitical risks associated with Iran and South America
The expectation of a decline in the US dollar
Continued de-hedging and
A decline in central bank sales are likely to exert upward pressure on gold prices.
That supply/demand balances across all commodities remain tight through at least next year
Analyst price estimates for 06, 07 and 08 have been raised from $525/oz to $650/oz, from $500/oz to $675/oz and from $500/oz to $600/oz, respectively.
The gold price estimate for the long term remains unchanged at $550/oz.
http://equityinvestmentideas.blogspot.com/
I expect gold to remain strong through out the year because of:
Inflationary pressures in the US
Geopolitical risks associated with Iran and South America
The expectation of a decline in the US dollar
Continued de-hedging and
A decline in central bank sales are likely to exert upward pressure on gold prices.
That supply/demand balances across all commodities remain tight through at least next year
Analyst price estimates for 06, 07 and 08 have been raised from $525/oz to $650/oz, from $500/oz to $675/oz and from $500/oz to $600/oz, respectively.
The gold price estimate for the long term remains unchanged at $550/oz.
http://equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 10:24 AM
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